The Commission advises the Minister of Finance on administrative pension issues and provides a forum for the purpose of reviewing issues which may arise in administering the Plan. This forum permits open consultation on matters relating to the Teachers' Pension Plan Act.
The Commission is comprised of the following 8 voting members and 2 Ex Officios:
Organization or Title | Member |
---|---|
Chairperson | Bethany MacLeod, Deputy Minister of Education and Lifelong Learning |
PEI Teachers' Federation | Mary Hart Shaun MacCormac Patrick MacFadyen |
Retiree | Michel Plamondon |
Appointed by the Minister |
Chris DesRoche, Director of Finance and Administration, Dept. of Education and Lifelong Learning Judy Killam, Comptroller, Dept. of Finance Blair Barbour, Manager of Justice Policy; Dept. of Justice and Public Policy |
Terry Hogan, Plan Administrator, Pensions & Benefits, Dept. of Finance |
The Joint Investment Advisory Committee (JIAC) was created to give the beneficiaries of the Master Trust (civil servants, teachers, and MLAs who pay into it) a voice in deciding how their pension funds are to be invested. The JIAC provides advice to the Minister of Finance on the following items:
- Protection of the principal assets of the Master Trust
- Monitoring of costs
- Recommendations on investment fund asset mix
- Review of investment fund and fund manager performance
- Compliance with both federal and provincial requirements relating to ownership of foreign equities
Union and retiree representatives who are appointed to the Teachers' Pension Plan Commission and Public Sector Pension Plan Commission automatically join the Committee. Government representatives are appointed to the Committee by the Minister of Finance.
The Committee is comprised of the following 16 voting members and 2 Consultations.:
Organization or Title | Member |
---|---|
Chairperson | Denise Lewis-Fleming, Deputy Minister of Finance |
Prince Edward Island Teachers' Federation | Shaun MacCormac Mary Hart Patrick MacFadyen |
Union of Public Sector Employees | Mark Arsenault Chris Oatway |
International Union of Operating Engineers | Matthew Holwell |
Canadian Union of Public Employees | Chris Lewis |
PEI Nurses Union | Blair MacDonald |
Provincial Government |
Gordon MacFadyen, Assistant Secretary to Treasury Board |
Retirees | Colin Younker, PSPP Michel Plamondon, TPP |
Consultants/Monitoring Agents | Will DeSilva, Aon Mario Delisle, Aon |