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Pension Town Hall Q&As October 12 & 17, 2011
 

Summary: Pension Town Hall Q&As
October 12 & 17, 2011
Page 1 of 6
Overview
Q. What exactly does Dalhousie want to do with the pension plan?
A. We believe that changing the pension plan's governance structure will allow for more effective and
responsive decision making, which will serve as the first step in attaining a sustainable plan. Once the
governance structure is changed, then all other aspects of the plan can be addressed in a more effective
manner. We have some ideas on how to proceed with a new governance structure, which we've
presented in the form of a jointly-sponsored pension plan (JSPP). However, that is just one option that
we are suggesting. We are open to alternate suggestions on ways that we can all move forward together
to address the sustainability of pension plan benefits.
Q. What's your timeline for completing this pension plan process change?
A. We're aiming for a March 31, 2013 deadline. Under provincial pension law, an actuarial valuation of
the plan must be filed at least every three years. The last report was filed as of March 31, 2010. The
university and employee groups have been working together to review the plan funding and benefit
design issues. A sub-committee, the Ad-hoc Committee on Pension Sustainability (ACOPS) was
established in 2009 to examine the long- and short-term challenges facing the plan and devise strategies
for dealing with identified problems. Through the ACOPS process, it was determined that there were no
immediate or obvious solutions available to ensure plan sustainability. At the end of 2010, a new sub-

  

Source: Adl, Sina - Department of Biology, Dalhousie University

 

Collections: Environmental Sciences and Ecology