Pension Advisory Committee
More information and resources on pensions and retirement is available in the Pensions & Retirement section.
- Committee Members
- Responsibilities
- Terms of Reference
- Member Resources
- Upcoming Events
- Resources of interest to the Pension Advisory Committee
Committee Members:
|
Chair |
Tom Friedman |
|
Staff Rep |
|
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Local Reps: |
|
|
Local 1 |
Capilano University Faculty Association |
|
Local 2 |
Thompson Rivers University Faculty Association Tom Friedman |
|
Local 3 |
Faculty Association of the College of New Caledonia |
|
Local 4 |
Douglas College Faculty Association |
|
Local 5 |
Kwantlen Faculty Association |
|
Local 6 |
College of the Rockies Faculty Association |
|
Local 7 |
University of the Fraser Valley Faculty & Staff Association |
|
Local 9 |
Okangan College Faculty Association Doug Birtwistle |
|
Local 8 |
Vancouver Island University Faculty Association |
|
Local 10 |
Selkirk College Faculty Association |
|
Local 11 |
Academic Workers’ Union (Northwest Community College) |
|
Local 12 |
Camosun College Faculty Association |
|
Local 14 |
Langara Faculty Association |
|
Local 15 |
Vancouver Community College Faculty Association |
|
Local 16 |
North Island College Faculty Association |
|
Local 17 |
Thompson Rivers University Open Learning Faculty Association |
|
Local 19 |
Nicola Valley Institute of Technology Employees’ Association |
|
Local 21 |
not applicable, Local 21 members not on College Pension Plan |
|
Local 22 |
Emily Carr University of Art & Design Faculty Association |
|
Retired |
Penny Heaslip |
|
Exec Liaison |
Frank Cosco |
|
Trustees: |
Dennis Anderson |
|
NRFC Liaison |
Peter Pike |
- The Pension Advisory Committee shall seek to improve the pension benefits available to plan members of the College Pension Plan.
- The Committee shall review the current investment policies of College Pension Plans and shall advise the Presidents’ Council, in its role as plan member partner, of any recommendations for change to policies and strategies.
- The Committee shall advise and, where applicable, provide pre-retirement and retirement information and services.
- The Committee will recommend to Presidents’ Council names for three FPSE-appointed trustees to the College Pension Board. The Committee will advise Presidents’ Council on the retiree trustee appointment.
- The Pension Advisory Committee will provide a forum for communicating member concerns about the College Pension Plan rules to FPSE-appointed College Pension Plan trustees, and a forum for prioritizing any recommended future pension plan improvements.
- The Committee will provide a forum for general discussion and development of pension policy for locals that are non-participatory in the College Pension Plan.
Reporting to: Reports regularly to the FPSE President and the Presidents’ Council.
Composition: Each local may name a member as their designated representative to the Committee. Local representatives to the Pension Advisory Committee must not be in receipt of College Pension Plan benefits and must maintain active employment at the institution while serving on the committee.
At its first meeting after the Annual General Meeting, the Presidents’ Council will appoint up to two additional retiree members from among nominees put forward by FPSE locals. A nominee must be a former member of a FPSE local who is currently receiving a pension under the College Pension Plan.
The Non-Regular Faculty Committee may appoint one person to the Committee.
No trustee appointed to the College Pension Board of Trustees may also serve as a local, retired or NRFC representative to the Pension Advisory Committee.
Term of Appointment: Committee members will normally be appointed for a term of four years. Members are expected to attend all meetings of the Committee. If members are unable to attend regularly, their appointment may be rescinded by the Presidents’ Council.
Chairperson: The Chairperson will be elected from and by the Committee to serve a two year term.
The Chairperson or designate shall have observer status at meetings of the Presidents’ Council with voice but no vote. The responsibility of the Chairperson includes attendance by the Chairperson or designate at the Presidents’ Council meeting immediately subsequent to a meeting of the Committee or upon request of the FPSE President.
The Chairperson shall attend the Annual General Meeting and Convention. The Convention shall provide orientation and planning opportunities for Committee Chairpersons and facilitate their meeting as a group.
Meetings: Such meetings as are required to fulfill its responsibilities, limited only by the funding allocated to the Committee. The Committee may substitute or include a workshop or conference for a meeting.
Observers: By invitation of the Chair. Observers from FPSE locals may attend meetings, at the locals’ expense, for succession purposes.
Trustees: FPSE-appointed trustees are encouraged to attend PAC meetings/events with voice but no vote. FPSE will pay expenses for the trustees for this purpose.
Quorum: A majority of appointed representatives.
Voting: Positions adopted by consensus among designated representatives; otherwise by simple majority of those voting. Minority reports accepted. (By-Law #6.)
Funds: As allocated in the annual budget.
- The BC Investment Management Corporation provides professional funds management services for the College and Municipal Pension plans. The bcIMC website also provides useful links related to fund investment.
- Benefits and Pensions Monitor
- Benefits Canada
- BC Retired Teachers' Association
- The College Pension Plan
- The Council of Senior Citizens of BC
- The Canadian Association of Pre-Retirement Planners