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Halifax, NS – April 30, 2024 – Nova Scotia Teachers’ Pension Plan Trustee Inc. (TPPTI) announced today that the Teachers’ Pension Plan’s (Plan) funded status at the end of 2023 increased to 78.1% on a going-concern basis, compared to 75.1% at the end of 2022. The increase in the funded ratio year-over-year was due to the asset gains in 2023 and to the fact that the Plan’s discount rate was increased from 5.70% to 5.80%.
On June 1, 2023, the Government of Nova Scotia reported that the personal information it holds on file for some Nova Scotians was taken as part of a global security breach through a file transfer service called MOVEit. This system allows information to move efficiently within government and to outside partners.
Click here to view the Annual Report.
View the full 2022 PSSP Review Report and determinations here. Review Report and determinations.