Commitment to good governance

Posted for Retired Members, January 11, 2019

As the CAAT Plan is a jointly sponsored pension plan, members and employers are equally represented on the Board of Trustees and Sponsors’ Committee.

The following changes have recently taken place.

Sponsors’ Committee

Veneise Samuels assumed her role as an OPSEU representative on the Sponsors’ Committee on July 1, 2018. She is a Senior Industry and Student Recruitment Officer at George Brown College. Ms. Samuels also serves as Second Vice President on the executive of OPSEU Local 557.

Board of Trustees

Virginia DiMonte is an Employee-appointed Trustee, joining the Board of Trustees as of July 1, 2018. She serves on the Finance and Administration Committee. Ms. DiMonte is a Payroll Administrator at Seneca College, and serves as Treasurer of OPSEU Local 561.

Thank you and farewell

Donald Wright retired from the Board as of June 30, 2018. Mr. Wright, one of the longest-serving members of the Board of Trustees, served as an Employee Trustee since January 1, 2000. He served several terms as Chair and Vice-Chair of the Board of Trustees. He also served on the RCA (Retirement Compensation Arrangement) Sponsors’ Committee. In addition, Mr. Wright has served on the Finance and Administration, Audit, Investments, and Governance committees of the Board of Trustees.

Tom Wilcox’s term on the Sponsors’ Committee also ended on June 30, 2018. Mr. Wilcox was appointed as an Employee Representative, effective April 1, 2017. Mr. Wilcox is a Technologist for the York University/Sheridan College Program in Design. He is a past president of OPSEU Local 245 and a current member of the executive.

We thank Mr. Wright and Mr. Wilcox for their service and dedication to the Plan.

I feel very grateful to receive the CAAT pension during retirement. I respect the knowledge and decisions made by the Board. This pension contributes to feelings of security and enjoyment for myself and my spouse.

-- Retired member comment on the 2018 survey

 

The Board of Trustees comprises 12 individuals who oversee the Plan’s operations, including risk management, investments and administration. They have a fiduciary duty to act in the best interests of the Plan and its beneficiaries. The Sponsors’ Committee comprises eight individuals who are responsible for the Plan’s design, contribution rates and benefits. Together, they work to ensure the Plan remains strong and sustainable.