Queen’s Pension Plan

1. Queen’s Pension Plan Annual General Meeting December 14, 2018

2. Agenda • Members of Queen’s Pension Committee • Summary of Pension Plan Membership • True vs. Paid Pensions • Financial Position of Queen’s Pension Plan – Going Concern Basis • Financial Position of Queen’s Pension Plan – Wind-Up/ Solvency Basis • Historical Employee and Employer Contributions • Pension Plan Asset Reconciliation • Summary of Plan Assets at October 31, 2018 • Returns Compared to Benchmark and BNY Mellon’s Universe • Returns Compared to Other Canadian University Pension Plans • Questions? • University Pension Project (UPP) Presentation

3. Members of Queen’s Pension Committee • Appointed by Members • Bill Cannon • Peggy Hauschildt • Lewis Johnson • James MacKinnon • Alison Morgan • Kelly Sedore • Appointed by Board of Trustees • Jim Keohane • Todd Mattina • Marcus Robertson • Jana Steele • Ex Officio • Donna Janiec • Jim Leech • Steven Millan (acting) • Don Raymond • Daniel Woolf

4. Summary of Pension Plan Membership

5. True vs. Paid Pensions (projecting at 6%)

6. Financial Position of Queen’s Pension Plan:Going Concern Basis ($000’s)

7. Financial Position of Queen’s Pension Plan:Hypothetical Wind-Up Basis ($000’s)

8. Historical Employee and Employer Contributions

9. Pension Plan Asset Reconciliation ($000’s)

10. Summary of Pension Plan Assets (‘000)at October 31, 2018

11. QPP Returns Compared to Benchmark &BNY Mellon’s Universe of Canadian Pension Plans • At September 30th, 2018 (Gross of Fees):

12. QPP Returns Compared to Other Canadian University Pension Plans • CAUBO survey results, as at December 31, 2017 (Gross of Fees):

13. Thank You