A message from your trustees

Our governance mission as the College Pension Board of Trustees is simple: to provide you with a reliable, lifelong source of income in retirement.

We’re proud to report that your plan remains strong, stable and fully funded—even as people live longer and markets evolve.

A strong plan today—and for the future

Today, the College Pension Plan holds more than $8 billion in net assets. In addition, the plan’s most recent 5-year average annual net return (after investment fees) is 8.4 per cent, well above the 6.0 per cent target.

Our strong ongoing returns and our solid asset base help ensure we can pay every promised benefit, now and in the years ahead.

What we accomplished in 2025

• Granted a 2% cost-of-living adjustment (COLA) for 2026. COLAs help protect the value of your pension over time. Learn more about adjusting for inflation.
• Approved the 2024 actuarial valuation. An independent actuary reviews the plan every three years to ensure the plan can pay pensions far into the future. The 2024 actuarial valuation showed the plan had $8.451 billion in assets and $8.455 billion in liabilities—a difference of $4 million. This difference reflects the strengthening of our assumptions to account for the fact that members are living longer and receiving pensions for more years. To keep the plan fully funded after making this change, we transferred funds from the rate stabilization account to the basic account. This proactive step helps protect long‑term pension security. For more details, see the board communique from June 2, 2025.
• Published a new video on extended health care (EHC) coverage. To support retired members and those nearing retirement, we created a clear, easy-to-follow educational video that focuses on the advantages and value of the plan’s EHC coverage. It’s our most-viewed video of the year! Watch the post-retirement group benefit video.
• Updated funding policy and plan rules. After consulting plan partners and the Association of BC College Pension Plan Retirees, we increased flexibility in how excess investment returns can be used to support the inflation adjustment account, which funds COLAs for retired members. See plan rules for details.

Behind the scenes: thoughtful stewardship

Managing the plan for nearly 40,000 members and 24 employers requires collaboration, expertise and long-term thinking. The initiatives above—and many others—reflect our commitment to doing what’s best for members, employers and the future of the plan.

Learn more about our work in the board meeting highlights.