It can leverage its membership in the Net Zero Asset Owner Alliance and stop investing in the oil and gas companies that are putting our pensions and our climate at risk.
Michael McKiernan | Benefits Canada.com benefitscanada.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benefitscanada.com Daily Mail and Mail on Sunday newspapers.
Canadian pension funds are falling behind others across the world on tackling climate change and protect their members’ retirement, according to a new report.
Expert Panel to Make Recommendations on Teachers’ Pension Plan
January 13, 2021 - 10:15 AM
The province and Nova Scotia Teachers Union (NSTU) have appointed an independent three-person expert panel to recommend ways to protect and strengthen the Teachers’ Pension Plan.
The plan has an unfunded liability of $1.5 billion and a funded ratio of 78.2 per cent as of Dec. 31, 2019. While there is no immediate risk the plan will be unable to meet its ongoing pension obligations, NSTU and the province, as joint parties of the plan, have a shared obligation to address the plan’s liability so teachers, like other public sector employees, have pension benefits that will provide financial stability during retirement.