Portfolio performance

Learn how the investment portfolio of BC's Public Service Pension Plan performed in recent years

In its fiscal year ending March 31, 2021, the investment portfolio of the Public Service Pension Plan earned a net return of 17.3 per cent. This is below the benchmark return of 21.0 per cent as some assets were greatly affected by the economic implications of the COVID-19 pandemic. Over the year, the plan’s assets increased from $33.6 billion in March 2020 to $38.9 billion.

A benchmark is an industry standard against which an asset's actual rate of return is compared. The Public Service Pension Board of Trustees uses benchmarks to measure how well the investment manager is doing compared to investment performance standards.

Rates of return against performance benchmarks (as at March 31):

(All values %) Investment returns Performance benchmark1
Annual Rates
2021 17.3 21.0
2020 3.1 (0.4)
2019 6.2 5.8
2018 9.8 8.0
2017 12.8 12.2
Five-year annualized rates
2021 9.7 9.1
2020 6.3 5.0
Ten-year annualized rates
2021 9.3 8.2
2020 8.7 7.1

1 Benchmarks are standards to compare against actual investment returns.

Annual rate of return - the change in asset values over a year due to interest income, dividends, fees and changes in market value.