Finance

Pensions and Debt Management

Responsibilities

The Pensions and Debt Management Division is responsible for the:

  • Oversight of the investment portfolio of the Province of Newfoundland and Labrador Pooled Pension Fund
  • Financial management of the four government-sponsored pension plans:
    • Teachers’ Pension Plan
    • Uniformed Serviced Pension Plan
    • Members of the House of Assembly Pension Plan
    • Provincial Court Judges’ Pension Plan
  • Capital Markets and Financial Assistance Programs, which includes:
    • Coordinating and implementing the administration of the province’s loan guarantee programs including:
      • Corporate Municipal Fishing Vessels Crown Corporations
    • Administering several Crown corporations including:
      • Newfoundland & Labrador Municipal Financing Corporation (NMFC)
      • Newfoundland & Labrador Industrial Development Corporation (NIDC)
    • Planning and implementing the annual capital markets borrowing program for the province
    • Managing the province’s treasury bill program
    • Cash management and short term investment/borrowing activity
    • Research and analysis of the province’s debt and financial position
    • Developing presentations for credit rating agencies
    • Advising and assisting government departments and agencies in evaluating alternate means of financing
  • Debt servicing and financial risk, which includes:
    • Servicing the direct debt of the province
    • Management of sinking funds for the direct debt of the province, and guaranteed debt of NMFC and Eastern Health Authority
    • Management of financial risk associated with the province’s direct debt portfolio

Links

Contact

Department of Finance
Main Floor, East Block
Confederation Building
P.O. Box 8700
St. John's, NL A1B 4J6
Tel: (709) 729-3931
Fax: (709) 729-6790
 
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