Pension Committee

(As approved by the Board of Trustees in May 1996, and amended in December 2002, March 2006, May 2008 , October 2008, May 2011, March 2012)

1. The Pension Committee shall be composed of the Vice-Principal (Finance and Administration) and the Associate Vice-Principal (Human Resources) who shall be ex-officio non-voting members and 11 additional members who shall be as follows:

   1. Five appointed by the Board of Trustees as representatives of the University and, where possible, who shall have appropriate professional expertise.

   2. Four members of the Pension Plan presently employed at Queens, to be recommended by the Principal and appointed by the Board of Trustees, of whom two will be members of the academic staff and two will be members of the support staff (including both unionized and non-unionized staff);

   3. Two former employees who have retired and are receiving a pension from the Queen's Plan, to be recommended by the Principal and appointed by the Board of Trustees of whom one will be a former member of the academic staff and the other a former member of the support staff (either unionized or non-unionized).

   In making recommendations to the Board of Trustees, the Principal may consult widely, including asking the appropriate group to submit a short list from which a selection might be made. In the case of support staff appointments, the unions and Queen's University Staff Association should submit only one list. In making the selection, the Principal will be seeking a qualified individual with a strong demonstrated interest and ideally some expertise in pension and investment matters. A person appointed to the Pension Committee is a representative of all pension plan members and not of any particular group.

2. Appointments shall be made by the Board of Trustees on the recommendation of the Governance and Nominating Committee for terms of 4 years with one-third, as near as may be, completing their terms on 31 August each year, but eligible for re-appointment normally to a maximum of 12 years of service. One trustee and one retired staff member shall be appointed every two years and one active pension plan member shall be appointed each year. If a vacancy occurs during the year in one of the positions held by staff or former staff, the Principal, after appropriate consultation, shall recommend a replacement within sixty days.

3. A Chair and a Vice-Chair will be appointed by the Board.

4. The Secretary of the Board of Trustees shall ensure that a secretary is available to support the committee.

5. A majority of the Committee shall constitute a quorum.

6. The Committee shall meet at least once each quarter.

7. The Committee shall report to the Board of Trustees not less than once a year and also whenever requested by the Board.

8. The Pension Committee shall:

   1. Determine all questions arising in the administration of the Plan, including interpretation and application of the provisions of the Plan, together with eligibility, service, earnings and retirement dates of members for purposes of the Plan. Such decisions of the Pension Committee shall be final and binding on all concerned, subject to referral to the Board;

   2. In addition, the Pension Committee will be responsible for reviewing the performance of the Trust Fund, and for the preparation of recommendations to the Board of Trustees of the University concerning proposed changes in the Plan, or as to the appointment of the Trustee, and/or Investment Counsel, and/or Actuary for purposes of the Plan.

   3. Advise the Associate Vice-Principal (Human Resources) on communications to Plan members about provisions of the Plan;

   4. Provide opportunities for Plan members and employee groups to submit suggestions and comments when significant changes to Plan provisions are being considered.

 

Membership	Status	Appointed By	Term Ends
C. Davis	Ex Officio
A. Orth	Ex Officio
P. Hauschildt	Appointed	Recommended by the Principal	Sep-2016
J. Gordon	Appointed	Recommended by the Principal	Sep-2016
A. Morgan	Appointed	Recommended by the Principal	Sep-2013
D. Pattenden	Appointed	Board of Trustees	Jun-2013
D. Raymond	Appointed	Board of Trustees	Jun-2013
P. Copestake	Appointed	Board of Trustees	Jun-2013
R. Healey	Appointed	Recommended by the Principal	Jun-2013
D. Grace	Appointed	Board of Trustees	Jun-2014
J. MacKinnon	Appointed	Recommended by the Principal	Sep-2014
W. Cannon	Appointed	Recommended by the Principal	Jun-2015
K. Bush	Appointed	Board of Trustees	Jun-2016

 

Chair: D. Grace
Vice-Chair: J. MacKinnon
Vice-Chair: D. Raymond
Secretary: H. Robinson