Reappointments made only upon resignation/termination of trustees.

Note:  Trust agreement has to be amended upon change in membership.

Quarterly (February/March; May/June; August/September; November/December) on a Wednesday at 12:00 Noon

* Extensive experience in interpreting financial data pertaining to pension fund investments;

* Experience in judging the expertise of money managers;

* Experience in weighing the risks and liabilities of types of investments, nationally and internationally;

* Experience in analyzing the reports of actuaries;

* Thorough knowledge of the Pension Plan Bylaw, the Provincial Pensions and Benefits Act and Regulations and the Canada Revenue Act as it relates to pension plans;

* Willingness and ability to carry out the duties of a trustee and fulfil the associated fiduciary obligations;

* Possess an understanding of the needs of the Plan’s membership; and

* Ability to serve as a trustee in an independent and objective fashion.

* Preference will be given to extensive financial experience in business, accounting, commerce and investment practices. 

SPECIFIC QUALIFICATIONS TO FILL THE VACANCY:

* Investment knowledge

* Pension or actuary background; or

* Legal background

To administer matters related to the General Superannuation Plan (Bylaw No. 8226) under provisions of the Trust Agreement.

Reports to City Council

Bylaw No. 8226 – June 23, 2003 (Repealing Bylaw No. 6321)

Updated: Bylaws 8263 – December 15, 2003; 8367 – December 13, 2004; 8442 – September 19, 2005; 8541 – October 2, 2006; 8592 – March 12, 2007; 8695 – June 9, 2008 and 8728 – November 17, 2008.

The Board shall be comprised of nine persons appointed as follows:

(a) Four persons shall be appointed by the City;

(b) Four persons shall be appointed by the following employee organizations according to an agreement entered into by those organizations:

     (i) Saskatoon Civic Employees’ Union, Local 59 CUPE;

     (ii) Saskatoon Civic Employees’ Union, Local 47 CUPE;

     (iii) Saskatoon Civic Employees’ Union, Local 859 CUPE;

     (iv) International Brotherhood of Electrical Workers, Local 319;

      (v) Amalgamated Transit Union, Local 615;

      (vi) Saskatoon Civic Employees’ Union, Local 2669 CUPE; and

      (vii) Saskatoon Exempt Staff Inc.; and

      (viii) Saskatoon Civic Middle Management Association; and

      (ix) International Alliance Theatrical Stage Employees, Local 300.

(c) One person who shall not be an employee of the City, shall be appointed by the City for a three -year renewable term upon the recommendation of the Board appointed under (a) and (b).

There shall be no limit upon the number of terms which may be served by a Trustee appointed under this clause.