Standing Technical Advisory Committee for Public Sector Pension Plans (PSPP)

Meeting summary

Date: Tuesday, February 27, 2024
Time: 1:30 p.m. to 3:00 p.m.
Location: Videoconference

This summary sets out the key points discussed at the February 27, 2024 meeting.

Member-Focused work

  • FSRA discussed with the committee the successes of the most recent Pension Awareness Day including multi-cultural outreach and discussions in media, as well as participation from the Minister of Finance.

Guidance updates

FSRA provided updates on upcoming pension-specific guidance documents, including guidance related to plan amendments and guidance on roles and responsibilities, as well as an upcoming consultation on rule-making authority with respect to family law. The proposed all-sector guidance on general Administrative Monetary Penalties was discussed.

Large public sector pension plans

  • FSRA provided an update on its consultation with large public sector pension plans.

FSRA priorities

  • FSRA provided an update to the committee on its ongoing and upcoming work on sector priorities. The committee gave feedback on FSRA’s work around its priorities.

FSRA Exchange

  • FSRA gave the committee a sneak peek at March’s FSRA Exchange and that the Pensions group would break out to discuss principles-based regulation.

Vulnerable consumers

  • FSRA provided an update to the committee on its work to support vulnerable consumers and its relevance to pension plan members. FSRA and the committee discussed the scope of this work and how the committee can be of assistance in the understanding the results of the engagement.

Next meeting

The next meeting of the committee is scheduled for October 2024.

Attendance record

Invited/Attended

Company name

Attendance status
(A)ttended; (R)egrets; (S)ubstitute; (VC)Videoconference; (P)Phone

Trevor Cartlidge

FSRA – Deputy Chief Actuary and Committee Co-Chair

A

Gareth Gibbins

OMERS and Committee Co-Chair

VC

Cynthia Crysler

Cavalluzzo LLP

VC

David Gordon

CAAT

VC

Glorie Alfred

OTPP

VC

Hrvoje Lakota

Investment Management Corporation of Ontario

VC

Jeff Sommers

Blake, Cassels & Graydon LLP

VC

Julie Belair

OPTrust

VC

Laura Brownell

UPP

VC

Mark Janson

CUPE National Office

VC

Murray Gold

Koskie Minsky

VC

Paul Litner

Osler, Hoskin & Harcourt LLP

R

Paul Winnett

Morneau Shepell Ltd

VC

Rachel Arbour

HOOPP

VC

Cindy Kwok, Daniel Padro, David Bartucci, James Hoffner, Jennifer Mullen, Jesse Heath-Rawlings, Jisha Sarwar, Karima Shajani, Leticia Cooper, Mathew Ou, Rhea Tubigan, Stephanie Babb, Stuart Wilkinson, Tamara DeMos, Tom Arnold, Victoria Lesau

FSRA

VC

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