Transcript UNBC Pension Plan Annual General Meeting

UNBC Pension Plan
Annual General Meeting
February 6, 2008
University of Northern BC
Board of Trustees:
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The UNBC Pension Plan is managed by a
Board of Trustees. The board is
comprised of both University appointed
and Member Trustees.
University of Northern BC
University Trustees
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Chair (acting) – Mike Knudson (Director
Human Resources)
Chief Financial Officer (Eileen Bray - tba)
Leanne Murphy – (Director Finance and
Budgets - acting)
External – Betty Ann Shiels
University of Northern BC
Member Trustees
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CUPE – William Zhang
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Directors – Godfrey Medhurst
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Exempt – Randall Brazzoni
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Faculty – Stan Beeler
University of Northern BC
Pension Plan Governance
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The administration of the pension
plan is vested wholly in the Trustees
Fund administration is supported by
Sun Life
Independent investment advice is
provided by Asset Performance Inc.
Assistance with compliance issues is
provided by Watson Wyatt
University of Northern BC
Investment/Administration Fees
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Investment management, custodial and
member record keeping fees are set by
fund managers and Sun Life
Administration fees are used to offset any
expenses related to compliance with
pension legislation, implementation of any
changes in pension governance,
independent advise, revision of existing
pension documents, etc., and are set by
the Trustees. (currently $5.50/month)
University of Northern BC
Initiatives completed in 2007

Maintained and monitored compliance with the
Canadian Association of Pension Supervisory
Authorities (CAPSA) Pension Plan Governance
Guidelines (ongoing).
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Amended the UNBC Pension Plan to permit access to
voluntary contributions at anytime.
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Established a policy for the payment of benefits to
minors or incapacitated persons.
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Removed the PH&N Canadian Equity Plus fund option
and added the MB Canadian Equity Segregated fund
(which has a different investment perspective).
University of Northern BC
Initiatives for 2008
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Provide opportunities for member
education and workshops.
Look at fund choices such as Milestone
funds, which work in conjunction with
projected retirement dates.
Review of current default fund (money
market) for new hires
Finalize revisions to the UNBC “Statement
of Investment Policies”.
University of Northern BC
Conclusion
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The plan and its administrative
processes are in compliance with all
applicable legislation.
All filing deadlines have been met.
University of Northern BC