Employers and employees have an equal voice in the Plan’s decisions through their representatives on the Board of Trustees and the Sponsors’ Committee. This governance structure balances different perspectives and interests. It also promotes collegiality and a collective focus on the long-term security of the Plan. For these reasons, joint governance is one of the Plan’s key strengths.
Welcome new trustees
In January, the Board of Trustees welcomed two members:
- David Haley is an Employee representative. He is a professor in the School of Advanced Technology at Algonquin College where he teaches engineering and mathematics courses. Mr. Haley also serves on the executive of OPSEU Local 415.
- Michael Seeger previously sat on the CAAT Board of Trustees from 2011 to 2017. Mr. Seeger is also an Employee representative. He was the Director of Financial Services at Loyalist College and is a retired professional accountant.
These appointments followed two departures. In December 2018, Bill Kuehnbaum and Darryl Bedford, both Employee representatives, completed their terms of appointment. We thank them for their dedicated service.
What are the subcommittees of the Board of Trustees?
The Board has five subcommittees to help it achieve its mandate. Each subcommittee has equal employee and employer representation. Every year, the Board reviews committee membership and the committees select their Committee Co-Chairs (made up of an employee representative and an employer representative).
The five subcommittees are:
- The Appeals Committee, which hears member appeals of Plan staff’s interpretation of Plan rules.
- The Audit Committee, which reviews the effectiveness of the organization in controlling and managing operational risk. It ensures the reliability of financial reporting and reviews the annual financial statements.
- The Finance and Administration Committee, which is concerned with Plan design, funding and administration, legislation, litigation, and the appointment and evaluation of actuarial and legal advisors.
- The Governance Committee, which assists the Board of Trustees in ensuring effective Board functioning and decision making as well as overseeing management of the CEO & Plan Manager.
- The Investment Committee, which develops and recommends the Statement of Investment Policies and Procedures (SIPP) and related policies.
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