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Standing Technical Advisory Committee for Multi-Employer Pension Plan (MEPP)

Meeting summary

Date: Wednesday, February 23, 2022
Time: 1:30 p.m. to 3:00 p.m.
Location: Videoconference

This summary sets out the key points discussed at the February 23, 2022 meeting.

General items

  • Committee members reiterated their offer to form a smaller working group to support the development of a MEPP funding framework.
  • A discussion group was proposed to discuss ineligible specified multi-employer pension plan contributions.

Defined benefit MEPP leading practice benchmarking

  • FSRA updated the group on its progress to date and future work. The group gave feedback on this and their experiences to date.

Inflation

  • The group discussed the article on inflation that FSRA recently published.

Survey feedback (FSRA and administrative errors)

  • FSRA shared feedback received from the technical advisory committees (TACs) from a recent survey conducted by FSRA.
  • Common administrative errors and the possibility of future FSRA guidance in the area was also discussed.

Member engagement and communications

  • FSRA is working on a discussion paper on this topic, focusing on defined benefit plan members.

Draft principles based regulation guidance

  • As a principles-based regulator, FSRA will be releasing draft guidance shortly to consult on FSRA’s approach to principles-based regulation. There will be sector-specific consultations, as well as a public consultation.

Next Meeting

The next meeting of the committee is scheduled for June 2022.

Attendance Record

Invited/Attended

Company Name

Attendance Status 
(A)ttended; (R)egrets; (S)ubstitute; (VC)Videoconference

Paul Martiniello

FSRA –Director, Relationship Management and Committee Co-Chair

VC

Susan Bird

Multi-Employer Benefit Plan Council of Canada and Committee Co-Chair

VC

Alain Malaket

InBenefits

VC

Alex McKinnon

United Steelworkers

VC

Bob Tangney

N/A

VC

Cameron McNeill

Segal

VC

Domenic Barbiero

Eckler Ltd.

VC

Doug LeFaive

GoldBlatt Partners

VC

James Pierlot

Blue Pier

VC

Joan Tanaka

Prudent Benefits Administration Services Inc.

VC

Kim MacPherson

TEIBAS

VC

Kimberly Houston

The McAteer Group of Companies

VC

Laura Brownell

CUPE

VC

Lindsay McLeod

Blake, Cassels & Graydon LLP

VC

Luc Girard

Mercer

VC

Michael Mazzuca

Koskie Minsky

VC

Mike Neheli

Manion, Wilkins & Associates Ltd.

VC

Andrew Fung, Jennifer Rook, Joanna Spadafora,
Paul Dempsey, Lester Wong, Mathew Ou,
Paul Martiniello, Reisha Hosein, Rhea Tubigan

FSRA

VC

Alex Killoch, Anna Strathy

MOF

VC