Human Resources

Retirement Plan Governance

Each of Western’s pension plans (Academic and Administrative) are administered by a Pension Board consisting of up to four members of the plan and three appointed members who are common on both Boards. The Academic and Administrative Staff Pension Boards work together as the Joint Pension Board. The Boards are standing committees of the Board of Governors and have been delegated the responsibility of administering the respective pension plans. Human Resources has been delegated the responsibility for the day to day operations of the plans.

The Joint Pension Board, while responsible for the overall administration of the plans, has contracted the assistance of many professionals. They include investment managers, an investment management consultant, auditors and an actuarial consultant. The Board has employed the services of Frank Russell Canada Limited to provide advice and guidance in the selection and hiring of the investment managers for the various investment funds.

The Joint Pension Board, while responsible for the overall administration of the plans, has contracted the assistance of many professionals. They include investment managers, an investment management consultant, auditors and an actuarial consultant. The Board has employed the services of Frank Russell Canada Limited to provide advice and guidance in the selection and hiring of the investment managers for the various investment funds.

Joint Pension Board Election Results - February 2015

Thank you to all those who put their name forward to run for positions on Western's Pension Boards. Thank you also to those who took the time to vote!

In the election to fill an upcoming vacant position on the Administrative Staff Pension Board - Mr. Jim Loupos, of Internal Audit has been re-elected.

Dr. John Ciriello from the Department of Department of Physiology and Pharmacology was acclaimed to fill a vacacy on the Academic Pension Board. Both will serve on the Joint Pension Board, with terms beginning in July 2015.

Both will serve on the Joint Pension Board, with terms beginning in July 2015.

The Joint Pension Board

Governance Documentation

Pension Board Mission Statement

"Our Mission is to provide members with the opportunity to accumulate adequate funds for retirement. We seek to provide sufficient choices but not onerous choices. We seek to provide services and options on a cost effective basis to accommodate members who are active in the management of their retirement savings and also for those members who look to the board for guidance. We will provide these services and options while following our principles."