With over 55,000 members, Provident10 touches the lives of 1 in 9 Newfoundlanders and Labradorians.
On average Provident10 welcomes over 1,500 new members each year to the PSPP.
Provident10 governs the largest public sector pension plan in Atlantic Canada!
How did we begin?
Financial management and future planning is evolving, and Newfoundland and Labrador has changed with it. In December 2014, the Government of Newfoundland and Labrador (GNL) and the five largest unions in the province announced a Joint Sponsorship Agreement to create an independent pension entity, Provident10. We deliver plan administration services and oversee management of the Public Service Pension Plan (the Plan) investment portfolio. We are proud to govern the largest pension plan in the province with over 55,000 members. Learn more about the Plan, our investment strategy, and working with us here.
We are pleased to introduce you to the Public Service Pension Plan (the Plan) and the benefits it provides. As a Plan member, you should become acquainted with the provisions of the Plan when you join and periodically throughout your career or during life events.
The goal of our investment strategy is to produce a well-diversified portfolio of both public and private investments which will ultimately support benefit security.
Current Asset Mix: The chart presented here reflects the asset mix of the Plan as of March 31, 2021.
We put our members at the heart of everything we don’t take their trust in us for granted, because they count on us to take care of their tomorrow. We strive to modernize, improve and adapt our processes and tools to do our best work because we believe our members deserve nothing less than a secure, stabe future to build upon.
Chief Investment Officer
VP Systems & Quality
VP Human Resources & Administration
Randell Earle, Bert Blundon, Emilian Groch, Mary Galway, Fred Murphy, John Vivian,
Dawn Learning, Douglas Laing, Loyola Sullivan, Louise Poirier-Landry, Denise Hamilton, & Michelle Jewer.
Missing from photo: Robert Cashin, Sharon Sparkes, Kevin Dumaresque
Provident10 operates in a joint trustee governance structure. We are governed by a Board of Directors, which has been appointed by the Government of Newfoundland and Labrador and the member unions. Learn more about how we're managed here.
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