Pension Committee. The parties agree to establish a committee to: • provide a forum for the discussion of Society issues and concerns related to the operations of the pension administration unit; • provide a forum for the discussion of contractual obligations (e.g. the introduction of new amendments to the plan, discussion of actuarial assumptions used for funding valuations); • provide the Society with information on pension related issues that may be of assistance in educating their members; • provide a forum to review valuations filed with FSCO or valuations to be used to trigger increased employee contributions and annual pension plan financial statements that have been approved by Hydro One. In order to fulfill its purpose, the committee members and resource persons will have access to reasonable pension plan and pension fund information, subject to the understanding that certain confidential information will not be available, and any confidential information that is supplied will be maintained in strict confidence by the committee/resource persons. The Committee will be comprised of two Society representatives and two Employer representatives. Each party shall have the right to have a reasonable number of resource persons attend the meeting. The Committee shall meet twice per year.
Appears in 4 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
