Future focused. People centred.
With over 65,000 members across Newfoundland and Labrador, we’re committed to delivering the peace of mind that comes with a secure, lifetime retirement income.
We know we’re doing our job well when our members, who just happen to be our friends, our families and our coworkers, feel confident that their tomorrow is secure.
DOWNLOAD OUR 2024 ANNUAL REPORT“On behalf of the entire team, I want to express how proud we are to support you with secure, stable lifetime income. In fact, it’s why we come to work every day.”
Read more in the 2024 Annual Report
Chuck Bruce
Chief Executive Officer
2024 Performance
Building a strong, resilient future for our members
Our Plan delivered strong results in 2024, growing our assets by 13% and adding $1.2 billion to our investment portfolio. With $12.7 billion in net assets, the plan reached an all-time high as we moved into 2025.
More than numbers, our performance is about delivering on our promise to our members – today and tomorrow.
13.0%
Total investment
return
115.3%*
Funded ratio
$12.7 billion
Total net assets
7.5%
10-year net
annualized return
115.3%* funded
What does this mean for you? It means we have the funds to meet our pension obligations to every member, whether you’re retiring next month or in 30 years, your pension will be there for you.
*Based on a preliminary valuation that is subject to change based on the final valuation.
Investing for the long term
Our team takes a disciplined, long-term approach to our investment strategy to grow the Plan and secure your retirement future. In 2024 and over the years, our diversified approach has helped ensure the Plan remains strong, able to navigate uncertainty and market volatility.
Learn more about how we invest7.5% 10-year annualized rate of return
The 10-year rate of return provides a clear picture of how the Plan is performing over time. Our focus on long-term performance helps ensure the sustainability of the Plan, so it can support you today and well into the future.
A decade of growth
$12.7 billion
Total net assets
As we mark 10 years since pension reform, the long-term value of our approach is clear. Since 2015, the Plan’s net assets have grown by nearly 50%, reinforcing its health and sustainability.
“I passionately enjoy learning, creating new skills for myself and applying them to various endeavors be it technical or artistic in nature.
As an avid over-planner, I appreciate the security that comes with an independent financial resource such as a pension plan.”
– Randal, Manufacturing Tech Engineer
Putting our members first
Every day, you help shape the future of Newfoundland and Labrador. At Provident10, we’re here to support you, throughout your career journey and into your retirement.
Expanding our reach
When you join the Plan, you’re joining 1 in 9 Newfoundlanders and Labradorians in strengthening your retirement future.
65333
Total members
24321
Pensioners
31487
Active members
902
New pensioners
2990
New members
1.29
Ratio of active members to pensioners
Support you can count on
Every connection, every phone call, and every pension transaction is an opportunity for our team to support you through your career journey.
12,191 member calls
answered by our pension administration team, supporting them through life events and pension decisions
Of the 1,665 members who completed the post-call survey
96% reported that their inquiry was fully addressed
The impact of your Plan
Since 2016, Provident10 has paid over
$5.3 billion
in pension benefits to our members.
With pensioners enjoying retirement in every corner of Newfoundland and Labrador, these benefits create a meaningful impact not only for individuals and families, but on communities and local economies.
Learn more about the impact of your PLANConnecting with our pensioners
Our partnership with the Newfoundland and Labrador Public Sector Pensioners Association (NLPSPA) allows us to share information and interact with our members into their retirement. In 2024, we participated in their Annual Convention and connected with pensioners from across the province, answering questions and sharing updates about their pension plan.
Learn more about the NLPSPA
Everett, Pensioner
“If I can help patients navigate their health journey or make a positive impact in their lives through improved outcomes, I feel like I’ve made a difference.”
– Kathryn, Nurse Practitioner
Partnering with employers
Our 43 participating employers play a key role in helping members navigate their pension journey. From onboarding to retirement, they’re a vital part of our shared success.
We’re committed to making it easier for employers to support their teams through tools, resources, and ongoing partnership.
9 of our 43 employers make up over 90% of our membership.
Our participating employers range in size – from 1 to over 10,000 employees.
Introducing the Employer Toolkit
In 2024, we launched a new Employer Toolkit to help promote the value and benefits of the Plan to top candidates and valued employees, and to make it easier to support their teams.
EXPLORE THE TOOLKIT
Ryan, Communications Manager
“I enjoy being part of a team and interacting with staff. Being part of a pension plan provides some financial security for the future so that life is less stressful and more enjoyable.”
-Jennifer, Administrative Officer
Governed with your future in mind
As the independent administrator of the Plan, we are guided by a trusted governance structure that is jointly led by representatives from the Government of Newfoundland and Labrador, our five major unions, and our pensioners. This collaborative approach ensures that every decision we make is focused on protecting your best interests and securing your future.
Learn more about our governance structure
Share your thoughts
We want to hear from you!
Provide your feedback on Provident10 and our 2024 Member Highlights for a chance to win one of two $100 gift cards.
COMPLETE OUR SURVEY
Amanda, Student Assistant
We’re here to support you at every stage.
Have questions? Get in touch!
Mailing address
15 International Place, Suite 200
St. John’s, NL A1A 0L4
Phone
709.701.3355
1.844.247.1237 (toll-free)
Email
For general inquiries: info@Provident10.com
For pension support: pensions@Provident10.com
Learn more
Annual Report
Discover how we’ve performed, the ways that we served our members, and our path forward in our 2024 Annual Report.
Download the report
Member impact
Hear from our pensioners! Together, we’re building strong, vibrant communities for all.
Learn More
Employer Toolkit
We’re making it easier than ever to get the word out to your job candidates and employees!
Explore the toolkit
