Civil Service Superannuation Board

What Civil Service Superannuation Board does

Civil Service Superannuation Board (CSSB) is a statutory pension plan administrator established on May 1, 1939 under The Civil Service Superannuation Act of Manitoba. The organization administers the Civil Service Superannuation Fund (CSSF), a defined benefit pension plan serving current and former employees of the Manitoba government and 39 other public sector employers, totaling more than 57,000 plan members. CSSB also administers the Public Service Group Insurance Fund (life, accidental death, and dependents insurance) and a Money Purchase Plan that functions as an in-house tax-sheltered savings vehicle.

The fund's core offering is a defined benefit pension that delivers guaranteed monthly income for life, calculated using a formula based on years of service and highest five-year earnings, with immediate vesting from day one. Underlying technology includes a web-based member services portal at member.mypension.ca, which provides pension estimates, annual statements, tax documents (T4A, NR4), and a secure document centre. The $9.1 billion fund is managed by an internal investment team of approximately 20 professionals across fixed income, public equities (US, Canadian, international), infrastructure, private credit, private equity, and real estate, with external managers (including Blackstone, Brookfield, OMERS, Carlyle, Thoma Bravo, William Blair, and others) deployed for alternatives and international equities.

CSSB does not generate revenue in the traditional sense; member and employer contributions fund both pension benefits and plan administration. CSSB reaches members through its Winnipeg headquarters, the online portal, mid-career and late-career seminars, educational videos, and publications. The organization is governed by a Board comprising employee and employer representatives, with strategic decisions including 2025 leadership changes (Brett Becker as Board Chair, Michael Emslie as Chief Administrative Officer) and legislated contribution rate increases of 0.5% per year over four years starting April 2026.

Name

Civil Service Superannuation Board

Legal name

Civil Service Superannuation Board of Manitoba

Website

https://cssb.mb.ca

Company type

Private

Founded year

1939

Operating status

Operating

Headcount range

11–50 employees

Short description

Civil Service Superannuation Board administers the $9.1 billion Civil Service Superannuation Fund, a statutory defined benefit pension plan serving 57,000+ members across 39 Manitoba government and public sector employers established in 1939.

Ownership category

akta.pro rank

Product category

Public Sector Pension Plan Administration

NAICS

Pension Funds (525110), Insurance and Employee Benefit Funds (5251), Finance and Insurance (52)

SIC

Finance Services (6199)

akta.pro primary industry

Pension Master Trusts, Superannuation & Provident Funds (FSAAAGAB)

akta.pro secondary industries

Corporate & Public Pension Funds (DB/DC Sponsors) (FSAAAGAA), Employer Retirement Plan Advisory (401(k)/Pension) (FSAEABAE)

Keywords

• Defined benefit pension
• Public sector retirement
• Pension plan administration
• Group insurance benefits
• Pension fund management

Headquarters

HQ city

Winnipeg

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Others

Revenue model

1. Pension Contributions: CSSB does not generate revenue in the traditional sense. The defined benefit pension plan is funded by member contributions, employer contributions, and investment earnings on the Civil Service Superannuation Fund ($9.1B in assets). Plan administration is funded through these contributions.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

CSSB administers the Civil Service Superannuation Fund, a defined benefit pension plan that provides guaranteed monthly retirement income for life to Manitoba government and public sector employees, calculated using years of service and highest five-year earnings. The organization manages approximately $9.1 billion in net assets across multiple asset classes for over 57,000 plan members employed by 39 participating organizations. Supplementary offerings include the Public Service Group Insurance Fund (life, accidental death, and dependents insurance) and the Money Purchase Plan (an in-house tax-sheltered savings account).

Product overview

CSSB operates as a pension plan administrator offering a unified defined benefit pension plan portfolio. The core offering is the Civil Service Superannuation Fund (CSSF), a defined benefit plan providing guaranteed monthly retirement income for life. Supporting products include the Public Service Group Insurance Fund (life, accidental death, and dependents insurance), the Money Purchase Plan (in-house tax-sheltered savings), and Investment Management Services managing the $9.1 billion fund. Members access services through the Online Services Portal and can participate in educational seminars and webinars. The organization administers retirement, disability, death, termination, and insurance-related pension services for over 57,000 plan members across 39 employers.

Differentiator

Problem solved

Functional benefit

Products and services

• Civil Service Superannuation Fund (CSSF)
• Online Services Portal (member.mypension.ca)
• Public Service Group Insurance Fund
• Money Purchase Plan
• Investment Management Services
• Pension Seminars and Webinars

Quantifiable outcome

• Most members get back their contributions with interest within 3-4 years of retiring
• +2 more outcomes

Named customers8 records

Segments5 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

22 partnerships are on record, tiered supporting.

• SustainalyticssupportingTechnology or IntegrationESG data partner providing research for proxy voting decisions and investment analysis
• Jennison AssociatessupportingTechnology or IntegrationExternal manager for international public equities investments
• Mackenzie Investments Asia LimitedsupportingTechnology or IntegrationExternal manager for international public equities investments
• Marathon M-LsupportingTechnology or IntegrationExternal manager for international public equities investments
• RBC Global Asset ManagementsupportingTechnology or IntegrationExternal manager for international public equities investments
• William BlairsupportingTechnology or IntegrationExternal manager for international public equities investments
• Blackstone IncsupportingTechnology or IntegrationExternal manager for infrastructure and real estate investments
• Brookfield Asset ManagementsupportingTechnology or IntegrationExternal manager for infrastructure investments
• Instar Asset ManagementsupportingTechnology or IntegrationExternal manager for infrastructure investments
• Northleaf CapitalsupportingTechnology or IntegrationExternal manager for infrastructure investments
• OMERS Investment ManagementsupportingTechnology or IntegrationExternal manager for infrastructure investments
• Carlyle GroupsupportingTechnology or IntegrationExternal manager for private credit investments
• Sagard HoldingssupportingTechnology or IntegrationExternal manager for private credit investments
• Thoma BravosupportingTechnology or IntegrationExternal manager for private equity investments
• Veritas CapitalsupportingTechnology or IntegrationExternal manager for private equity investments
• Carterra Private EquitiessupportingTechnology or IntegrationExternal manager for real estate investments
• Grosvenor Property AmericassupportingTechnology or IntegrationExternal manager for real estate investments
• Montez CorporationsupportingTechnology or IntegrationExternal manager for real estate investments
• Morguard CorporationsupportingTechnology or IntegrationExternal manager for real estate investments
• Private Pension PartnerssupportingTechnology or IntegrationExternal manager for real estate investments
• Realstar CorporationsupportingTechnology or IntegrationExternal manager for real estate investments
• Canada LifesupportingTechnology or IntegrationInsurance carrier that reviews and pays group insurance claims for Public Service Group Insurance Fund

Scale indicators6 records

Recent moves8 records

Expansion highlights3 records

Others

• Coughlin & Associates Ltd. Canadian pension, benefits and investment consulting firm. Connected via the new CSSB Board Chair (Brett Becker) who was previously Regional VP at Coughlin; provides adjacent pension administration and advisory services.

Direct peers

• Ontario Pension Board (Ontario Public Service Pension Plan): Administers the Ontario Public Service Pension Plan, a defined benefit public-sector pension plan for Ontario government employees. Highly comparable: statutory pension board, DB plan, in-house investment management, similar member-services mandate.
• British Columbia Pension Corporation: Administers several British Columbia public-sector defined benefit plans (e.g., BC Public Service, Teachers, College, Municipal). Directly comparable provincial pension administrator with similar statutory structure and multi-employer DB focus.
• Alberta Pensions Services Corporation: Provides pension administration for the Public Service Pension Plan, Management Employees Pension Plan, and others in Alberta. Comparable statutory, multi-employer public-sector DB pension administrator.

Broad incumbents

• Ontario Teachers' Pension Plan Board (OTPP): Manages the Ontario Teachers' Federation pension plan with one of the largest Canadian pension portfolios. Comparable as a Canadian public-sector DB pension plan sponsor with sophisticated in-house investment platform.
• Healthcare of Ontario Pension Plan (HOOPP): DB pension plan for Ontario's hospital and healthcare sector employees. Comparable multi-employer public-sector DB plan with strong investment outperformance track record.
• OMERS Administration Corporation: Administers the OMERS defined benefit pension plan for Ontario municipal employees; manages a substantially larger fund. Comparable DB public-sector pension administrator with similar governance and investment mandate.
• Canada Pension Plan Investment Board (CPP Investments): Manages the Canada Pension Plan fund at a national scale. Less directly comparable as a national plan, but shares the DB pension fund management and institutional investment mandate.

Regional players

• Saskatchewan Pension Plan / Public Employees Pension Plan: Public-sector DB pension plans in Saskatchewan. Comparable multi-employer DB administrator serving provincial government employees in an adjacent Prairie market.
• Manitoba Teachers' Retirement Allowances Fund (TRAF): Manitoba-specific pension plan for teachers. Listed as a participating employer of CSSB and a direct regional peer in Manitoba's public-sector pension ecosystem.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/cssbmanitoba

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Civil Service Superannuation Board