Saint Mary’s University Pension Plan. Annual General Meeting June 2008. Agenda.
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Annual General Meeting
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
The pension plan has a substantial portion (44%) of membership in mid-career (age 35 to 49). However, older plan members (age 50+) hold 73% of the plan assets.
The above distribution show the proportion of members in the various asset allocation portfolios (72% of plan members at SMU use the portfolios)
General pattern not as expected. Very little difference in change in asset mix from age 30 to 60
Many individuals at 100% equity (at older ages) or 100% fixed income (at younger ages)
Many late career individuals with higher equity weightings (average about 50%)
SRI has traditionally suffered from a few major problems
Recently Sun Life has added a few interesting funds to consider
Mercer also recently announced expanded manager research
Pension Committee met 5 times during the past year
The pension committee has adequate funding to operate effectively:
(pension consulting, member meetings and training, investment monitoring, information return to pension superintendent, member communication)
increased from $81,200 to $94,900
($81,200 + $10,000 surplus + $3,700 interest)