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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%.
We urge you to review your Statement carefully as it includes important information about the pension that you have accumulated as at July 31, 2023. Please contact us if you do not receive your Statement, or if you notice any incorrect or missing information.
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.
Halifax, NS – April 27, 2023 – Nova Scotia Teachers’ Pension Plan Trustee Inc. (TPPTI) announced today that the Teachers’ Pension Plan’s (Plan) funded status at the end of 2022 decreased to 75.1% on a goingconcern basis, compared to 82.5% at the end of 2021. The decrease in the funded ratio year-over-year was due to the asset losses in 2022 and to the fact that the Plan’s discount rate was maintained at 5.70%.
