The NSSBA established a pension plan for non-teaching employees of Nova Scotia school boards in 1992. The pension plan is a defined benefit plan; however, some employees contribute to a defined contribution plan. There are six school boards participating in the plan – 1,581 members in the defined benefit plan and 312 members in the defined contribution plan.
The NSSBA Pension Plan Trustees oversee the security of the benefits accrued under the pension. The pension plan is audited on an annual basis and an actuarial valuation is performed every three years.
To download the plan text, click here. This document outlines the requirements for the pension plan.
Audited Financial Statements