Gouvernance
Under the Supplemental Pension Plans Act, a pension plan has a governance structure that is somewhat different from that of nonprofit organizations. Here is a brief overview of the bodies and key stakeholders who ensure the proper functioning of the Plan.
Annual Assembly
The annual assembly is usually held at the beginning of fall. This is a key moment when the pension committee reports on the administration of the Plan and its financial situation as of the previous December 31.
All active or inactive participants — including retirees and representatives of participating groups — are invited to come ask questions, make suggestions, and elect the members of the pension committee.
The notice of meeting is sent to all participants in July, along with their annual participation statement, where applicable.
Pension Committee
Elected by the annual assembly of participants, the pension committee (essentially the board of directors) is composed of 13 members. It is important to note that our Regulations require a minimum representation of women.
Current members are:
Members representing active participants
MOUSTAPHA GUEYE
Social Economy Project (Montreal)
RIEL MICHAUD BEAUDRY
Institut de recherche en économie
contemporaine - IREC (Montréal)
NATHALIE BABIN
Centr’elles, Women’s Action Committee of Avignon (Saint-Omer)
VACANCY
CATHERINE L’HEUREUX-SAVOIE
Family Economics Cooperative Association (ACEF) of East Montreal
ELENA SAUVAGEAU (SDV)
L'Envolée Accommodation Centre (Laval)
Members representing inactive participants
FRANCINE GRÉGOIRE
L’Enjeu, Focus on Employment (Montreal)
PIERRE RILEY (SDV)
Pointe-Saint-Charles Seniors' Centre (Montreal)
Members Representing the Groups
LISE GERVAIS*
Centre for Applied Social Research - CRSA (Trois-Rivières)
STEVE MARCOUX*
Regional table of community and volunteer organizations of Montérégie (Saint-Jean-sur-Richelieu)
MARIE LEAHEY*
Job placement and guidance service for the integration of women into the workforce - SORIF (Montreal)
RAMON CARRASCO ESPINOZA (SDV)
Immigrant Community Support Centre (Montreal)
Independent member
NORMAND VACHON
FICA and CFA
* Members of the executive committee
The committee is the administrator and fiduciary of the Plan. Its mandate includes:
• applying, interpreting, and amending, when necessary, the Plan Text;
• selecting the actuary, the administrator, and the fund managers of the Fund;
• adopting a funding policy and an investment policy to ensure the payment of promised pensions and the long-term sustainability of the Plan;
• informing participants and groups of their rights and responsibilities.
It must “act with prudence, diligence, and skill, as a reasonable person would in similar circumstances, and act with honesty and loyalty in the best interest of the participants and beneficiaries” (Supplemental Pension Plans Act).
• applying, interpreting, and amending, when necessary, the Plan Text;
• selecting the actuary, the administrator, and the fund managers of the Fund;
• adopting a funding policy and an investment policy to ensure the payment of promised pensions and the long-term sustainability of the Plan;
• informing participants and groups of their rights and responsibilities.
It must “act with prudence, diligence, and skill, as a reasonable person would in similar circumstances, and act with honesty and loyalty in the best interest of the participants and beneficiaries” (Supplemental Pension Plans Act).
