# Government of Nova Scotia

Government of Nova Scotia is a Pension Fund based in Halifax, Canada.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Halifax, Canada
- **Region:** North America
- **Address:** Halifax, Nova Scotia, Canada
- **Assets under management:** Undisclosed
- **Website:** novascotia.ca
- **LinkedIn:** https://www.linkedin.com/company/government-of-nova-scotia

## Regulatory record

- **Reports private funds:** No

## About

Government of Nova Scotia is the governing body of Nova Scotia in Canada. It has made five investments, including a February 2025 grant to Life Sciences Nova Scotia. The government's portfolio includes energyX, which exited in February 2024.

## Questions

### What is the structure of Nova Scotia's public-sector pension system?

The province sponsors multiple defined-benefit plans, the largest being the Public Service Superannuation Plan. The Nova Scotia Pension Services Corporation handles administration and benefit payments, while the PSSP Trustee Inc. board governs investment decisions and hires external fund managers.

### Does the Government of Nova Scotia directly manage pension assets?

No. Investment management is outsourced to external firms selected by plan trustees. Nova Scotia does not operate a large internal investment corporation similar to CPP Investments or BCI. The pension administration corporation focuses exclusively on member services and plan operations.

### What is the approximate size of Nova Scotia's largest pension plan?

The Public Service Superannuation Plan held roughly C$8.7 billion in net assets as of its most recent publicly filed annual report. Other provincial plans covering teachers, members of parliament, and specific agencies are smaller and administered separately.

### Who sets the investment policy for Nova Scotia's pension plans?

Investment policy is set by independent trustee boards, not directly by the provincial government. The PSSP Trustee Inc. is responsible for asset mix decisions, manager selection, and monitoring for the Public Service Superannuation Plan. Board members include representatives of plan members and government appointees.

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Last updated: 2026-06-03T20:00:00.000Z

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