Governance

Under the Supplemental Pension Plans Act, a pension plan has a governance structure that is somewhat different from that of non-profit organizations. Here is a brief overview of the key bodies and stakeholders who ensure that the plan is properly run.

Annual Meeting

The annual meeting 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 meeting notice is sent to all participants in July, along with their annual pension statement, when applicable.

Pension Committee

Elected by the annual meeting 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

Chantier de l’économie sociale (Montréal)

RIEL MICHAUD BEAUDRY

Institut de recherche en économie contemporaine - IREC (Montréal)

NATHALIE BABIN

Centr’elles, Comité d’action des femmes d’Avignon (Saint-Omer)

ÈVE-LYNE COUTURIER (SDV)

Institut de recherche et d’Informations socioéconomiques - IRIS (Montréal)

CATHERINE L’HEUREUX-SAVOIE*

Association coopérative d’économie familiale(ACEF) de l’Est de Montréal

ELENA SAUVAGEAU

Maison d’hébergement L’Envolée (Laval)

Members representing inactive participants

FRANCINE GRÉGOIRE

L’Enjeu, cap sur l’emploi (Montréal)

PIERRE RILEY (SDV)

Centre des aînés de Pointe- Saint-Charles (Montréal)

Members Representing the Groups

LISE GERVAIS*

Centre de recherche sociale appliquée - CRSA (Trois-Rivières)

STEVE MARCOUX*

Table régionale des organismes communautaires et bénévoles de la Montérégie (Saint-Jean-sur-Richelieu)

MARIE LEAHEY*

Service d'orientation et de recherche d'emploi pour l'intégration des femmes au travail - SORIF (Montréal)

RAMON CARRASCO ESPINOZA

Centre d’appui aux communautés immigrantes (Montréal)

Independent member

NORMAND VACHON

FICA and CFA

* Members of the executive committee

The committee is the plan’s administrator and trustee. Its mandate includes:

• applying, interpreting, and amending, when necessary, the Plan Text;

• selecting the fund actuary, administrator and managers;

• adopting a funding policy and an investment policy to ensure the payment of promised pensions and the long-term sustainability of the plan;

• informing participating individuals and groups of their rights and responsibilities.

It “shall exercise the prudence, diligence and skill that a reasonable person would exercise in similar circumstances; it must also act with honesty and loyalty in the best interest of the members or beneficiaries” (Supplemental Pension Plans Act).