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New Brunswick Teachers' Pension Plan
New Brunswick Teachers' Pension Plan: a 2014 pension vehicle chaired by Larry Jamieson, administered through the jointly owned Vestcor platform.
New Brunswick Teachers' Pension Plan
The New Brunswick Teachers' Pension Plan (NBTPP) was carved out on July 1, 2014, to deliver pension security to eligible teachers across the province. The Board of Trustees is appointed equally by the New Brunswick Teachers' Federation and the Province of New Brunswick. Larry Jamieson serves as Board Chair, with Marcel Larocque as Vice Chair; Vestcor Corp., a jointly owned administrator shared with the New Brunswick Public Service Pension Plan, executes daily operations and member services. The plan's investment posture is shaped by its shared-services administrator, Vestcor, which manages a multi-asset-class pool spanning private real estate, infrastructure, private equity, and nominal bonds. Confirmed structures include the NBIMC Canadian Real Estate Fund (covering commercial and mixed-use properties), the NBIMC Infrastructure Fund, and the NBIMC Private Equity Fund, alongside globally oriented vehicles like Vestcor Investments Private Real Estate, L.P. and Vestcor Investments Infrastructure, L.P. Geographic reach extends across Canada and into global private markets. Vestcor, the administrative arm, claims compliance with Global Investment Performance Standards and connects the plan to institutional networks including the Pension Investment Association of Canada, the Canadian Coalition for Good Governance, and the Institutional Limited Partners Association. The plan does not disclose total asset figures or staff headcount. In spring 2026, the Board published the plan's first Responsible Investment Report, detailing how ESG factors are integrated into investment decisions (per firm website, 2026). The structural differentiator is the Vestcor joint-ownership model: NBTPP does not manage assets directly but co-owns an outsourced investment and administration entity with another provincial public-service plan. This architecture concentrates pension operations under a single shared platform while maintaining separate trustee governance for each underlying plan.
General information
Firm type
Pension Fund
Year founded
2014
AUM
Undisclosed
Location
Region
North America
Country
Canada
City
Fredericton
Corporate office
Fredericton, New Brunswick, Canada
Principals
Larry Jamieson
Chair of the Board of Trustees
Marcel Larocque
Vice Chair of the Board of Trustees
Sector focus
Frequently asked questions
Who runs investment decisions for the NBTPP?
Investment management is delegated to Vestcor Corp., which acts as the plan's administrator and investment manager. Vestcor is jointly owned by the New Brunswick Teachers' Pension Plan and the New Brunswick Public Service Pension Plan. The NBTPP Board of Trustees, chaired by Larry Jamieson and split equally between NBTF and provincial appointees, retains oversight.
How is the NBTPP structured relative to other New Brunswick pension plans?
NBTPP was established as a standalone plan in 2014. It co-owns Vestcor Corp. with the New Brunswick Public Service Pension Plan, creating a shared administration and investment management platform. This differs from a fully internalized investment office model seen at larger Canadian public pension plans.
What asset classes does the plan invest in?
Through Vestcor, the plan allocates to private real estate, infrastructure, private equity, and nominal bonds. Fund structures include the NBIMC Canadian Real Estate Fund, NBIMC Infrastructure Fund, NBIMC Private Equity Fund, and global vehicles such as Vestcor Investments Private Real Estate, L.P.
Does NBTPP disclose its total assets under management?
The plan does not publicly disclose a specific AUM figure. Vestcor manages the assets on behalf of NBTPP and the NBPSPP, but no segmented or consolidated total is published on the plan's website.
What is the plan's approach to responsible investing?
In spring 2026, the Board of Trustees published the plan's first Responsible Investment Report, outlining how environmental, social, and governance factors are considered in investment decisions. Vestcor is a member of the Canadian Coalition for Good Governance and the Institutional Limited Partners Association, reinforcing engagement on governance and sustainability.
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