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Saint Mary’s University Pension Plan

Saint Mary’s University Pension Plan. Annual General Meeting June 2009. Agenda.

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Saint Mary’s University Pension Plan

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  1. Saint Mary’s UniversityPension Plan Annual General Meeting June 2009

  2. Agenda 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

  3. Year in Review • 2008/09 has been a very challenging year for all investors • Pension Committee continues to focus on • Administering the plan prudently • Monitoring pension plan investments and our agents • Providing appropriate information support and tools to members

  4. Monitoring • Comprehensive annual review of investments • Information provided by our consultants as events occur • Information available on Sponsor Website 24/7 • Yvan Breton (Mercer) to provide update today • Regular review of other areas • competitiveness of fees • member asset allocations

  5. Member Support • As pension plan member, you direct the investment of your pension assets • This may involve getting independent financial advice • Pension Committee’s responsibilities • Provide access to the right tools and information • Monitor use/utility of tools and information • Stay current with changes in pension environment • Respond to your feedback and questions

  6. The above distribution shows the proportion of members in the various asset allocation portfolios (87% of plan members at SMU use the portfolios) 127 members have a different allocation portfolio for employee and employer contributions

  7. Pension Plan – education opportunities for plan members • Sun Life Information Sessions • Information for Recently Hired Members • “MyMoney” Tools • Pension information tailored to members nearing retirement • Group session designed for SMU pension plan members (Mercer) • One-on-one consulting – first session paid by SMU • Book purchase on retirement lifestyle • Investing in Distressed Markets (Mercer) • How to Select a Financial Advisor (Mercer) • Canada Pension Plan information session • HR Department one-on-one orientation sessions for new members • Pension Website (SLF and SMU) • Quarterly statements • Annual General Meeting Pension Committee met 6 times during 2008

  8. Pension Plan – financial / budget report The pension committee has adequate funding to operate effectively: • Operating funding  $65,000 annual budget provided by SMU • 2008/09 expenses  $83,000 (pension consulting, member meetings and training, investment monitoring, information return to pension superintendent, member communication) • Accumulated reserve for pension administration  decreased from $80,400 to $78,300 ($80,400 - $18,300 deficit + $3,200 interest + $13,000 reversal)

  9. Conclusion • The pension plan and its members have not been immune to the financial market events of past year • Continuing confidence in the overall integrity of plan design and processes/relationships • Committee is here for you • Tell us what we can do to support you

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