Pensions and Benefits Committee

PENSION

DUTIES

  1. The responsibilities of the Pension Committee shall pertain to the terms and
    administration of the combined assets of the NABC (Non-Academic Benefits
    Committee) and the AABC (Academic and Administrative Benefits
    Committee) of the University of Regina. The combined assets constitute a
    single master trust for investment purposes. Each plan holds units being
    proportional to the total assets of each plan.
  2. To promote awareness and understanding of investments among members.
  3. To monitor investment performance of funds and money manager(s).
  4. To receive and review periodical financial and administrative reports.
  5. To keep and maintain minutes/information of the meetings.
  6. To assure correctness of the meetings.
  7. To vote on the issues arising at the meetings.
  8. To report back information to the membership.
  9. Any Issues directly related to major changes in the plan due to lack of funding
    or issues of formulas shall be matters that need to be voted on at a General
    membership meeting.
  10. Act in good faith and in the best interests of the members, inactive members
    and any other individuals entitled to benefits pursuant to the plan.
  11. To make sure that the Administrators of the plan are acting in the best interest for the members.

STRUCTURE

  1. The NABC shall be comprised of four (4) members to represent the
    Union/Management Committee.
  2. Three of the members shall be elected by the membership at a general
    membership meeting. Each of the three (3) members shall be elected for a
    three (3) year terms. The expiry dates of the NABC shall be separated by one
    (1) year intervals.
  3. The fourth member will be a retiree elected by the retirees to a three (3) year
    term. This procedure is handled with the Plans Pension and Benefits Officer.
  4. The NABC shall have a Chairperson that will be elected by the NABC.
  5. The NABC shall work in conjunction with the Negotiating Committee on
    issues.
  6. Chairperson of the NABC shall:
    • Oversee the members of the committee (#6).
    • Present budgets
    • Arrange meetings for committee
    • Arrange Sessions for member/additional members
    • Spokesperson when needed
  7. Members are any members interested in the Pension and Benefits that want
    training and/or give feedback to the NABC to be involved.
  8. There is no limit to the amount of members.

BENEFITS

  1. The Benefits Committee shall work in conjunction with the Negotiating
    Committee on issues.
  2. This is an extension of the NABC.
  3. This area deals with all other issues then Pension as listed:
    • Long Term Disability
    • Short Term Disability
    • Extended Health Care Plan
    • Vision
    • Dental

The achievements and goals are the same as stated in the Pension Section.

Current Members: James Batalha, Carmon Perrin, Danette Andrews