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Saint Mary’s University Pension Plan. Annual General Meeting June 2009. Agenda.

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saint mary s university pension plan

Saint Mary’s UniversityPension Plan

Annual General Meeting

June 2009



Governance Overview and Financial Report – Chair, Pension Committee Pension Plan Investments – Mercer Report from Custodian and Record keeper – Sun Life Financial Open Forum- Member comments and questions Members’ Luncheon

year in review
Year in Review
  • 2008/09 has been a very challenging year for all investors
  • Pension Committee continues to focus on
    • Administering the plan prudently
    • Monitoring pension plan investments and our agents
    • Providing appropriate information support and tools to members
  • Comprehensive annual review of investments
    • Information provided by our consultants as events occur
    • Information available on Sponsor Website 24/7
    • Yvan Breton (Mercer) to provide update today
  • Regular review of other areas
    • competitiveness of fees
    • member asset allocations
member support
Member Support
  • As pension plan member, you direct the investment of your pension assets
    • This may involve getting independent financial advice
  • Pension Committee’s responsibilities
    • Provide access to the right tools and information
    • Monitor use/utility of tools and information
    • Stay current with changes in pension environment
    • Respond to your feedback and questions

The above distribution shows the proportion of members in the various asset allocation portfolios (87% of plan members at SMU use the portfolios)

127 members have a different allocation portfolio for employee and employer contributions


Pension Plan – education opportunities for plan members

  • Sun Life Information Sessions
    • Information for Recently Hired Members
    • “MyMoney” Tools
  • Pension information tailored to members nearing retirement
    • Group session designed for SMU pension plan members (Mercer)
    • One-on-one consulting – first session paid by SMU
    • Book purchase on retirement lifestyle
  • Investing in Distressed Markets (Mercer)
  • How to Select a Financial Advisor (Mercer)
  • Canada Pension Plan information session
  • HR Department one-on-one orientation sessions for new members
  • Pension Website (SLF and SMU)
  • Quarterly statements
  • Annual General Meeting

Pension Committee met 6 times during 2008


Pension Plan – financial / budget report

The pension committee has adequate funding to operate effectively:

  • Operating funding  $65,000 annual budget provided by SMU
  • 2008/09 expenses  $83,000

(pension consulting, member meetings and training, investment monitoring, information return to pension superintendent, member communication)

  • Accumulated reserve for pension administration

 decreased from $80,400 to $78,300

($80,400 - $18,300 deficit + $3,200 interest + $13,000 reversal)

  • The pension plan and its members have not been immune to the financial market events of past year
    • Continuing confidence in the overall integrity of plan design and processes/relationships
  • Committee is here for you
    • Tell us what we can do to support you