CONCLUSION
The Finance and Administration Committee should consider and appoint a member to the Administrative Boards for the City of Regina Casual Employees’ Superannuation Plan and the City of Regina Elected Officials’ Money Purchase Pension Plan.
BACKGROUND
City of Regina Bylaw No. 8589 A Bylaw of the City of Regina Concerning a Plan for Certain Employees and Elected Officials delegates authority to the Finance and Administration Committee to appoint one of its members to the Administrative Boards for the City of Regina Casual Employees’ Superannuation Plan and the City of Regina Elected Officials’ Money Purchase Pension Plan. This report is being brought forward to facilitate the appointment for both these boards for a four-year term, expiring on October 31, 2020.
The Terms of Reference for the Board are attached as Appendix A.
DISCUSSION
The composition of both Administrative Boards includes the following representatives, as outlined in Bylaw 8589:
· three persons appointed by the City Manager
· one member of the Finance and Administration Committee.
The appointments to these Administrative Boards have historically been the same people on both Boards so that they effectively operate as one Board. This Administrative Board meets quarterly, at the call of the Chair and in any event at least once every three months. A pension Advisory Committee, as specified under The Pension Benefits Act, 1992 appointed by the Executive of the Canadian Union of Public Employees Local No. 21 is also invited to attend all regular and special meetings of the Board.
The board typically meets five times per year for approximately two hours.
There is a Board mandated Education Policy that requires a Trustee, in their first year, to complete either Foundations of Trustee Management (three day course) or the Trustee Development Program (four day course). Both programs require the participant to pass an exam. In addition to completing one of the programs noted above, new trustees are also required to complete 20 hours of continuing education. By completion of the third year of a four year term, Trustees are expected to complete wither Advanced Trustee Management Standards or the Advanced Trustee Development Program, in addition to the required 20 hours of continuing education.
Once all basic education requirements have been met, Trustees are expected to attend 30 hours of continuing education. Trustees can apply for an exemption from completing the basic education requirements based on their education and work experience.
The Committee should consider the appointment of a member to the Boards for a term expiring October 31, 2020.
RECOMMENDATION IMPLICATIONS
Financial Implications
None related to this report.
Environmental Implications
None related to this report.
Strategic Implications
None related to this report.
Other Implications
None related to this report.
Accessibility Issues
None related to this report.
COMMUNICATIONS
After the appointment is approved by the Committee, it will be included with the listing of committee members which is communicated to all departments, media, and other interested parties.
DELEGATED AUTHORITY
The recommendations in this report require City Council approval.
Respectfully submitted,  |
Erna Hall Deputy City Clerk |