The British Columbia Financial Services Authority (BCFSA) published its Annual Pensions Report summarizing 2024 data for pension plans registered in British Columbia, finding that plans remained strong and well funded, with a supporting Key Highlights fact sheet comparing trends with the prior year. The number of registered plans declined slightly to 610 due to mergers and windups, but membership increased 4% to almost 1.34 million as of 31 December 2024. In 2024, 28% of defined benefit plans reported using excess assets to offset required employer contributions, while total contributions across B.C. plans still rose 9%. Defined benefit plans paid over CAD 7.6 billion in pensions and transfers in their most recent fiscal year and target benefit plans paid CAD 694 million, while investment allocations shifted toward fixed income and away from real estate.
British Columbia Financial Services Authority 2025-10-23
British Columbia Financial Services Authority’s 2024 Annual Pensions Report shows B.C. plans remained well funded as membership rose to almost 1.34 million
The British Columbia Financial Services Authority's Annual Pensions Report shows pension plans in British Columbia remained strong and well-funded in 2024. Registered plans decreased to 610 due to mergers and windups, while membership grew by 4% to nearly 1.34 million. Defined benefit plans used excess assets to offset employer contributions, with total contributions rising 9%, and investment allocations shifting towards fixed income.