Governance documents

Explore the laws, regulations and internal governance documents that guide the Public Service Pension Board of Trustees.

The work of the Public Service Pension Board of Trustees is guided by and subject to legislation, regulations and plan governance documents, including the following:

Governance documents of BC's Public Service Pension Plan

Post-Retirement Group Benefit Rules
These rules describe the authority of the board to determine the terms and conditions of group benefit coverage for its retired members, and the rates and methods of contributions.
Posted: April 1, 2022

Funding Policy
This policy outlines the principles that guide the board and its actuary in managing the financial position of the Public Service Pension Plan.
Posted: May 13, 2024

Federal and provincial legislation (external links)

Income Tax Act
This act describes the rules and definitions used to determine, among other things, taxable income and the amount payable.

Income Tax Regulations
These regulations outline how to apply the Income Tax Act, including details about calculating taxable income, pension plan limitations, applying deductions and filing information returns.

Pension Benefits Standards Act
This legislation provides the rules and definitions that apply to provincially regulated pension plans.

Pension Benefits Standards Regulation
Along with the Pension Benefits Standards Act, this regulation applies to provincially regulated pension plans.

Public Sector Pension Plans Act
This provincial legislation sets the joint governance framework and established BC Pension Corporation and British Columbia Investment Management Corporation.  

Family Law Act
This provincial legislation describes the legal requirements when dividing financial assets after a spousal relationship breaks down.

Wills, Estates and Succession Act
This provincial legislation describes the legal requirements when writing a will and distributing the assets of an estate.

Judicial Compensation Act
This provincial legislation describes how compensation and pension benefits for provincial judges are established.

Members’ Remuneration and Pensions Act
This provincial legislation describes how compensation and pension benefits for members of the Legislative Assembly are established.