Annual return/benchmark

1. Year at a glance

3. Asset returns/benchmarks

2. Annual return/benchmark

Annual return/benchmark

The plan tracks returns annually and over the longer term.

The board has set 6.25 per cent as BCI’s long-term investment return objective.
For 2023, the plan’s investment return was 7.7 per cent. The one-year underperformance was primarily caused by private equity, including technology companies, and real estate equity, in which broad market challenges continued to weigh down the sector.
For 2023, the five-year annualized return was 7.8 per cent, above the market benchmark of 7.5 per cent.

These longer-term results are important. The board’s primary objective is to ensure the long-term sustainability of the plan, making sure that all members, from those retired to those who just joined, receive a pension.