If you’re a PSPP member or pensioner – we want to hear from you! Provident10 is committed to understanding your needs. That’s why we’ve engaged MQO Research to conduct a survey of our members and pensioners. Through this new survey, we hope to learn more about the ways we can continue to improve services and […]
Category: News
Every year, we send pension statements to nearly 30,000 of our Plan members. Your Annual Pension Statement contains important information about your service in the Public Service Pension Plan, including your total accrued service, contributions, and your estimated pension benefit. This information is based on data provided by your employer and is current as of the end […]
Provident10 releases the 2021 Annual Report. Provident10 is pleased to report that the Public Service Pension Plan (PSPP) Fund exceeded the 9% policy benchmark in 2021, earning a rate of return of 11.2%. The Plan ended the year with a funded ratio of 109.2%, an 8.2% increase year over year. With the ongoing pandemic, staying dedicated […]
Provident10 is happy to announce and celebrate our five-year anniversary! While the PSPP has a long history, the story of Provident10 is still in its early stages. Since Provident10’s beginnings, a great deal of work has taken place to keep members at the heart of everything we do and position the Plan for long-term success. […]
Since 2015, Provident10 has been on a journey to becoming an independent pension administration and investment management organization. Today, we’re excited to launch a strategic plan that will guide us through the next five years. Now to Next: Our Path to 2026 represents an evolution, mapping out a journey to modernizing, transforming, and growing our business. […]
Provident10 is very happy to announce that we have been recognized as one of Atlantic Canada’s Top Employers of 2022! Atlantic Canada’s Top Employers is an annual competition organized by the editors of Canada’s Top 100 Employers. This special designation recognizes the employers in Canada’s four Atlantic provinces that lead their industries in offering exceptional places […]
Research released by the Canadian Centre for Economic Analysis highlights the unique value provided by Canada’s public sector pension plans across the country, and particularly in Atlantic Canada. The economic activity from the operations of pension plans and retirees spending their income supports 877,100 jobs and 55,500 businesses across Canada, supporting $33.1 billion in annual wages and […]
Manulife has been selected as the new partner to provide independent medical advisory services for the Disability Pension under the Public Service Pension Plan (PSPP). The process of completing the changeover to Manulife will be effective November 1, 2020. It is important to note:• There are no changes to the benefit itself• There will be […]
We’re pleased to release our 2020 Annual Report. In a year of vast uncertainty, Provident10 not only weathered the COVID-19 storm, but we also rose above. The resilience and the financial health of the Public Service Pension Plan (PPSP) continues to propel Provident10 to be a sustainable fund that can deliver on its promises. To this end, we […]
Pensioners who recently had their pension payments transitioned to CIBC Mellon from the Government of Newfoundland and Labrador will receive two tax slips for 2021. One will be from the Government of Newfoundland and Labrador for January 1 – December 14, 2021; the other will be from CIBC Mellon for December 15 – 31, 2021. […]