Formed in July 2016, Vestcor Corp., which owns Vestcor Inc., is as an independent private not-for-profit holding company under the Vestcor Act of the New Brunswick Legislature. The organization is jointly owned by the New Brunswick Public Service Pension Plan (NBPSPP) and the New Brunswick Teacher’s Pension Plan (NBTPP).
On October 1, 2016, Under the Vestcor Act, the N.B. Investment Management Corporation was continued as Vestcor Investment Management Corporation, while the operations of the Pension and Employee Benefits Division of the Province of New Brunswick’s Department of Human Resources were transferred to Vestcor Pension Services Corporation. As of January 1, 2018, these two subsidiaries were integrated and form Vestcor Inc.
Vestcor Corp. was established to:
Provide pension and benefits administration, investment management and advisory services and related services to the Vestcor Members and to other public sector-based pension funds and other pools of investment capital.
The Board Members for the holding company, Vestcor Corp., are:
|Appointed by the NBTPP Board of Trustees:
Marcel Larocque, Co-Chair
|Appointed by the NBPSPP Board of Trustees:
Marilyn Quinn, Co-Chair