Plan governance,
operations and oversight
The Plan’s framework.
The Plan is administered by a board of trustees (the “Board of Trustees” or “Board”) which is comprised of individual trustees (“Trustees”) who are appointed pursuant to the Plan text and the May 7, 2013 Agreement and Declaration of Trust (the “Declaration of Trust”) entered into by the board of trustees, as amended from time to time.
The Plan’s Governance Policy (the “Governance Policy”) has been drafted in accordance with subsection 55.1(1) of New Brunswick Regulation 91-195 made under the PBA, which requires that the Plan establish, adopt and follow a written governance policy.
Your Trustees.
An independent Board of Trustees is responsible for overseeing the Plan and operating in the best interest of plan members and beneficiaries. Responsibilities include plan administration, risk management, investment management and selecting service providers.
The Trustees work independently from the City and CUPE locals, but maintain open and ongoing communication with them to ensure member concerns are addressed. The Chair and Vice-Chair role appointment follows a rotating schedule subject to a trust agreement.
Please refer to the member newsletters for details on “who’s who” on the Board.
Who we work with.
The Trustees operate within a members first framework, with all decisions made in the best interest of members. This includes selecting professionals as needed to provide advice and to ensure members are served effectively and efficiently.
Participating employers:
TELUS Health
TELUS Health provides administration services, including benefits calculations and annual member statements. TELUS Health also provides actuarial services, including the annual actuarial valuation of funding and risk management, as well as investment and governance consulting services.CIBC MELLON
CIBC Mellon acts as the pension payroll provider of the pension fund, and collaborates with TELUS Health to ensure our retired and terminated members receive their pension payments.
VESTCOR
The Trustees work in partnership with Vestcor to oversee the Plan’s investment management and to maintain cost-effective and sustainable investments. Vestcor is also the Plan custodian.OSLER, OSKIN & HARCOURT
Osler, Oskin & Harcourt is the Plan’s legal counsel.The Plan’s framework.
The Plan is administered by a board of trustees (the “Board of Trustees” or “Board”) which is comprised of individual trustees (“Trustees”) who are appointed pursuant to the Plan text and the May 7, 2013 Agreement and Declaration of Trust (the “Declaration of Trust”) entered into by the board of trustees, as amended from time to time.
The Plan’s Governance Policy (the “Governance Policy”) has been drafted in accordance with subsection 55.1(1) of New Brunswick Regulation 91-195 made under the PBA, which requires that the Plan establish, adopt and follow a written governance policy.
