Provident10 governs the largest public sector pension plan in Atlantic Canada!
With over 55,000 members, Provident10 touches the lives of 1 in 9 Newfoundlanders and Labradorians.
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.
Plan at a glance serves as an introduction to the Plan and the benefits that come with being a member.
This is an exciting time for Provident10, as we launch our strategic plan. Our strategy represents an evolution, mapping out a five-year journey to modernizing, transforming, and growing our business.
Now to Next: Our Path to 2026
Current Asset Mix: The chart presented here reflects the asset mix of the Plan as of March 31, 2021.
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.
VP Systems & Quality
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, Theresa Heffernan
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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