Investment

Our plan guarantees the payment of accrued pensions, regardless of the financial situation of the plan or the short-term performance of the fund. The retirement plan must therefore manage the contributions paid by employers and employees to ensure that it will have the necessary funds to pay the promised pensions as participants reach retirement.To achieve this, the main decisions to be made involve the allocation of assets across various asset classes (e.g., Canadian bonds, Canadian and global equities). The goal: to obtain a sufficient return while diversifying our assets so as not to put all our eggs in one basket. To reach an acceptable risk-return balance, the committee relies on the Investment Policy which defines the allocation in the different types of funds, the authorized securities and the imposed limits.

In addition, several managers are selected within each asset class, based on how well they complement one another, and always with the goal of diversifying our investments as much as possible. Thus, the retirement committee closely monitors the managers’ performance and ensures the plan’s financial health. In its annual report, and more regularly through the newsletters, the retirement committee presents to its members the returns generated by the plan’s investments.