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, 2019, the investment portfolio of the Public Service Pension Plan earned a net return of 6.2 per cent, exceeding its market benchmark of 5.8 per cent. The market value of the plan's assets was $33.1 billion, up $1.5 billion from the prior year.

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
2019 6.2 5.8
2018 9.8 8.0
2017 12.8 12.2
2016 0.0 (0.1)
2015 14.5 12.8
Five-year annualized rates
2019 8.5 7.6
2018 10.2 9.0
Ten-year annualized rates
2019 9.9 8.8
2018 7.6 7.0

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.

Annualized rate of return – over a multi-year period, the average yearly return. Annualized returns tend to be less volatile as they smooth the up and downs experienced in shorter time lines.