# WorkSafeBC

WorkSafeBC is a Pension Fund based in Richmond, Canada.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Richmond, Canada
- **Region:** North America
- **Address:** 6951 Westminster Highway, Richmond, BC, V7C 1C6, Canada
- **Founded:** 1917
- **Assets under management:** Undisclosed
- **Website:** worksafebc.com
- **LinkedIn:** https://ca.linkedin.com/company/worksafebc

## Regulatory record

- **Reports private funds:** No

## About

WorkSafeBC is a Canadian government organisation established in 1917. It provides insurance services for workplace injuries, diseases, and deaths.

## Sectors

- Insurance
- Real Estate
- Infrastructure

## Offices

- Various locations across British Columbia

## People

- Anne Naser — President and CEO
- Donna M. Wilson — Chief Financial Officer and Senior Vice President, Corporate Services

## Questions

### How is WorkSafeBC's investment fund distinct from a traditional pension fund?

WorkSafeBC's accident fund covers long-term insurance liabilities for workplace injury claims rather than retirement benefits. This means the fund's actuarial demands differ from those of a pension plan — claim durations vary widely, and payout patterns are less predictable. The board must maintain sufficient liquidity to cover both short-term claims and long-tail liabilities like permanent disability awards.

### Who runs investment decisions at WorkSafeBC?

Donna M. Wilson, CFO and Senior Vice President of Corporate Services, oversees the investment function. The board leans heavily on external managers and consultants for asset allocation and manager selection, with internal staff focused on governance, risk monitoring, and stakeholder reporting. Anne Naser, President and CEO since 2016, holds ultimate executive accountability.

### Where does the underlying capital come from?

British Columbia employers pay compulsory premiums into the accident fund, with rates set annually by WorkSafeBC's board and reviewed by provincial regulators. The fund is not taxpayer-backed in the ordinary sense — it operates on full-funding accounting, meaning premiums must be sufficient to cover all current and future claims costs. Excess returns can reduce future premium rates.

### How is WorkSafeBC governed, and who appoints its board?

The B.C. provincial government appoints WorkSafeBC's board of directors, which includes worker, employer, and public-interest representatives. The board sets strategic direction, approves premium rates, and oversees investment policy. The organization reports to the Ministry of Labour, but operates at arm's length from day-to-day political influence.

## Related profiles

- [WorkSafe Victoria](https://altss.com/profile/worksafe-victoria)
- [World Capital Advisors](https://altss.com/profile/world-capital-advisors)

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

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