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New Brunswick Teachers' Federation
The New Brunswick Teachers' Federation established the NBTPP in 2014. Larry Jamieson serves as chair of its Board of Trustees. The plan supplies defined...
New Brunswick Teachers' Federation
The New Brunswick Teachers' Federation established the NBTPP in 2014. Larry Jamieson serves as chair of its Board of Trustees. The plan supplies defined pensions to teachers and survivor benefits. Assets are allocated across public equities, fixed income, private equity, infrastructure, and real estate. Current private equity exposure stands at 8 percent. Holdings include positions in Vestcor Investments Private Equity, L.P., Vestcor Investments Infrastructure, L.P., and Vestcor Investments Private Real Estate, L.P. The geographic reach covers Canada and global markets through pooled vehicles. Vestcor Inc. has served as investment advisor since 2014. The plan maintains relationships with the New Brunswick Public Service Pension Plan as co-owner of Vestcor Corp. An annual information meeting was held in Fredericton in November 2023 to review performance and funding status. Governance rests with a Board of Trustees that includes employer and employee representatives. The Province of New Brunswick acts as plan sponsor. This joint oversight model distinguishes the NBTPP from single-sponsor public plans.
General information
Firm type
Pension Fund
Year founded
2014
Location
Region
North America
Country
Canada
City
Fredericton
Corporate office
650 Montgomery Street, Fredericton, NB, Canada, E3B 5G2
Principals
Larry Jamieson
Chair of the NBTPP Board of Trustees
Kerry Leopkey
Executive Director
Jennifer Morrison
Vice-Chair of the NBTPP Board of Trustees
Frequently asked questions
Who runs investment decisions at New Brunswick Teachers' Federation?
The Board of Trustees oversees the NBTPP. Day-to-day investment management is delegated to Vestcor Inc. under a mandate established in 2014.
How is the New Brunswick Teachers' Pension Plan structured?
It operates as a jointly sponsored pension plan with the Province of New Brunswick. The Board of Trustees includes representatives from both the federation and the employer.
Does the plan commit to external funds or hold direct investments?
The plan invests through Vestcor pooled vehicles including private equity, infrastructure, and real estate limited partnerships. It does not execute direct deals itself.
What asset classes receive allocations?
Public equities, nominal and corporate bonds, money market instruments, private equity, infrastructure, and real estate. Private equity currently accounts for 8 percent of assets.
Which organizations does the federation belong to?
It is a member of the Canadian Teachers' Federation, the Association of Canadian Pension Management, and the International Foundation of Employee Benefit Plans.
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