1. UNBC Pension Plan Annual General Meeting
February 6, 2008
University of Northern BC

2. University of Northern BC
Board of Trustees:
The UNBC Pension Plan is managed by a Board of Trustees. The board is comprised of both University appointed and Member Trustees.
University of Northern BC

3. University of Northern BC
University Trustees
Chair (acting) – Mike Knudson (Director Human Resources)
Chief Financial Officer (Eileen Bray - tba)
Leanne Murphy – (Director Finance and Budgets - acting)
External – Betty Ann Shiels
University of Northern BC

4. University of Northern BC
Member Trustees
CUPE – William Zhang
Directors – Godfrey Medhurst
Exempt – Randall Brazzoni
Faculty – Stan Beeler
University of Northern BC

5. Pension Plan Governance
The administration of the pension plan is vested wholly in the Trustees
Fund administration is supported by Sun Life
Independent investment advice is provided by Asset Performance Inc.
Assistance with compliance issues is provided by Watson Wyatt
University of Northern BC

6. Investment/Administration Fees
Investment management, custodial and member record keeping fees are set by fund managers and Sun Life
Administration fees are used to offset any expenses related to compliance with pension legislation, implementation of any changes in pension governance, independent advise, revision of existing pension documents, etc., and are set by the Trustees. (currently $5.50/month)
University of Northern BC

7. Initiatives completed in 2007
Maintained and monitored compliance with the Canadian Association of Pension Supervisory Authorities (CAPSA) Pension Plan Governance Guidelines (ongoing).
Amended the UNBC Pension Plan to permit access to voluntary contributions at anytime.
Established a policy for the payment of benefits to minors or incapacitated persons.
Removed the PH&N Canadian Equity Plus fund option and added the MB Canadian Equity Segregated fund (which has a different investment perspective).
University of Northern BC

8. University of Northern BC
Initiatives for 2008
Provide opportunities for member education and workshops.
Look at fund choices such as Milestone funds, which work in conjunction with projected retirement dates.
Review of current default fund (money market) for new hires
Finalize revisions to the UNBC “Statement of Investment Policies”.
University of Northern BC

9. University of Northern BC
Conclusion
The plan and its administrative processes are in compliance with all applicable legislation.
All filing deadlines have been met.
University of Northern BC