[1][2] Created in 2000 with the passage of the Public Sector Pension Plans Act, the corporation provides pension administration services on behalf of British Columbia's College, Municipal, Public Service, Teachers', and WorkSafeBC pension plans for each of their plan members and employers.
The corporation collects contributions, processes benefits and issues pension payments, and provides policy, financial and communication services for the five respective boards of trustees.
Collectively, the corporation serves approximately 560,000 plan members and 1,100 plan employers as of April 27, 2020,[3] and pays out more than CA$349 million in benefits each month (CA$4.2 billion a year) to over 181,000 retirees.
[4] Laura Nashman is the current chief executive officer of the corporation, beginning in December 2008.
[5][6] Ms Nashman succeeded Gail Stephens who left the corporation in March 2008.