Coquitlam, B.C.’s School District #43 has appointed CWB Trust Services as custodian and trustee for its non-teaching staff’s defined benefit pension plan.

“As we conducted our review, we were pleased by the flexible service model and single integrated reporting platform,” said Chris Nicolls, chief financial officer and secretary-treasurer for the school district, in a press release. “The onboarding process was straightforward and seamless; we have no doubt that this same level of support and service will continue as our partnership develops.”

Read: CUPE launches campaign to reverse B.C. school district decision to cut retiree benefits

With about $130 million in assets, the plan has more than 930 members. 

“We understand that each of our clients have unique requirements and we are proud to have been able to create a tailored solution for School District #43’s non-teaching plan,” said Sabeen Purewall, director of business development at CWB Trust Services.

Copyright © 2020 Transcontinental Media G.P. Originally published on benefitscanada.com

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