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.
JOINT PENSION BOARD ELECTIONS (Dec. 2013)
Four individuals have been nominated for the vacant position on the Academic Staff Pension Board and two indivuals have been nominated for the vacant position on the Administrative Staff Pension Board. As there is only one position available on each board at this time, an election is required to determine who will assume these positions effective July 1, 2014. All contributing members are eligible to vote for one person on their respective Board.
|Academic Staff Pension Board||Administrative Staff Pension Board|
|Walid Busaba||Ab Birch|
|Dr. Cristine de Clercy||Rodger Moran|
"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."