Nova Scotia employers can now join the PSSP as NS Pension expands access to private-sector organizations
Nova Scotia Pension Services Corporation (NS Pension) has introduced the role of Senior Manager, Business Development, with Brendon LeLievre as the first to hold the position.
Before this role, he was an account manager at Canada Life. He previously worked as a financial security advisor at Freedom 55 Financial. His early career includes a position as a professor assistant at St. Francis Xavier University.
LeLievre has a background in financial services, business development, account management, and strategic planning. His experience includes working with clients, identifying financial solutions, and managing growth strategies.
In his post on LinkedIn, LeLievre announced his new role, stating, “Excited to officially join the NS Pension team!” He noted that the PSSP's expansion into the private and not-for-profit sectors provides an opportunity to extend retirement security to more Nova Scotians.
LeLievre added that he looks forward to working with employers across the province to discuss how the PSSP can support their organizations and employees.
With LeLievre in the new role, NS Pension plans to expand PSSP participation further.
Kim Blinn, chief pensions officer of NS Pension, stated, “The primary focus of this Business Development role is to engage with Nova Scotia employers, including public-sector, not-for-profit, and private-sector, to introduce them to the many benefits of participating in the Public Service Superannuation Plan (PSSP).”
The PSSP manages approximately $8.2bnin assets and includes 65 participating employers, with the Province of Nova Scotia as the largest member. Since 2015, the plan has added more than 25 employers, bringing nearly 4,000 new members.
Over the past two years, the PSSP has expanded to include private-sector employers. The plan, which has operated for 102 years, allows private-sector organizations to participate in a defined benefit pension plan.
Doug Moodie, CEO of NS Pension, stated, “The PSSP is administered in Nova Scotia by Nova Scotians, is overseen by a trustee board that meets regularly in Halifax, and holds significant investments in the Province.”
In addition to opening participation to private-sector employers, the PSSP has introduced contribution levels of 100 percent, 80 percent, and 60 percent. Pensions accrue based on the percentage selected.
Employers joining the plan gain access to early retirement provisions, spousal, domestic partner, and child survivor benefits, and the potential for indexation.
