Pension Committee

Members:

There shall be a standing committee of the Association called the Pension Committee.

Purpose: 

To monitor the operation of the pension plan and to propose changes when warranted.

Directives: 

To recommend general policies regarding pension issues to be used in negotiations. To advise members with respect to their participation in the pension plan. To recommend, in consultation with the chair of the Benefits Committee, persons to represent the Association on the University's Joint Benefits Committee.

Limitations: 

No action of the committee shall take effect until ratified by the Executive Committee, except for such issues where the power to act has been delegated to the committee by the Executive Committee or by the general membership.

Reporting: 

To report on the status of the pension plan at each general meeting and at other meetings as required; to present a written report to members at the Annual General Meeting and at other times as required. To provide copies of the approved minutes of each meeting of the committee to the Executive Committee within fifteen days of each meeting of the committee.

Meetings: 

The time, place and frequency of meetings shall be determined by the committee.

Composition: 

Four members of the Bargaining Unit and two emeritus members.

Terms of Office: 

Three members elected each year for staggered two-year terms.

Selection: 

Elected at the Annual General Meeting. Vacancies occurring on the Committee before an Annual General Meeting shall be filled by an appointee of the Executive Committee, subject to ratification by the membership at the next general meeting.

Chair: 

The committee appoints its own Chair, who shall be a member of the Bargaining Unit.

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