FPSE's Pension Advisory Committee provides advice and information to the FPSE Presidents' Council and locals on pension-related issues. Through this committee and at member locals, FPSE also provides education and training and pension and retirement issues.
More information and resources on pensions and retirement is available in Pensions & Retirement.
Committee Members
Chair |
Douglas College Faculty Association |
Staff Rep |
Steve Kwon |
Local Reps: |
|
Local 1 |
Capilano University Faculty Association |
Local 2 |
Thompson Rivers University Faculty Association Mahtab Nazemi |
Local 3 |
Faculty Association of the College of New Caledonia |
Local 4 |
Douglas College Faculty Association |
Local 5 |
Kwantlen Faculty Association |
Local 6 |
College of the Rockies Faculty Association |
Local 7 |
University of the Fraser Valley Faculty & Staff Association |
Local 8 |
Vancouver Island University Faculty Association Sarah Crover |
Local 9 |
Okanagan College Faculty Association |
Local 10 |
Selkirk College Faculty Association |
Local 11 |
Academic Workers’ Union (Coast Mountain College) |
Local 12 |
Camosun College Faculty Association |
Local 14 |
Langara Faculty Association |
Local 16 |
North Island College Faculty Association |
Local 17 |
Thompson Rivers University Open Learning Faculty Association |
Local 19 |
Nicola Valley Institute of Technology Employees’ Association |
Local 21 |
Education & Training Employees' Association |
Local 22 |
Emily Carr University of Art + Design Faculty Association |
Retired Appointees |
|
Exec Liaison | FPSE Secretary-Treasurer Sean Parkinson |
Trustees: | Weldon Cowan Morna Fraser Chris Burnley |
Joint FPSE/BCGEU Trustee (Retired) |
Paul Ramsey |
NRFC Liaison |
|
Responsibilities
- The Pension Advisory Committee shall seek to improve the pension benefits available to plan members of the College Pension Plan.
- The Committee shall review the current investment policies of College Pension Plans and shall advise the Presidents’ Council, in its role as plan member partner, of any recommendations for change to policies and strategies.
- The Committee shall advise and, where applicable, provide pre-retirement and retirement information and services.
- As part of the trustee appointment process, the Committee will nominate candidates for FPSE trustees to Presidents’ Council and the Committee will advise Presidents’ Council on the retiree trustee appointment.
- The Pension Advisory Committee will provide a forum for communicating member concerns about the College Pension Plan rules to FPSE-appointed College Pension Plan trustees, and a forum for prioritizing any recommended future pension plan improvements.
- The Committee will provide a forum for general discussion and development of pension policy for locals that are non-participatory in the College Pension Plan.
- The Committee will monitor and review the effectiveness and relevancy of FPSE pension policy and, where possible, those of related organizations and unions with a view, from time to time, of recommending updates, changes and additions.
Terms of Reference
Reporting: Reports regularly to the FPSE President and the Presidents’ Council.
Composition: Each local may name a member as their designated representative to the Committee. Local representatives to the Pension Advisory Committee must not be in receipt of College Pension Plan benefits and must maintain active employment at the institution while serving on the committee.
Up to two (2) retired members may be a part of PAC. A nominee must be a former member of a FPSE Local who is currently receiving a pension under the College Pension Plan. Retiree members will have a voice and a vote while serving on the committee.
Starting at its first meeting in the fall, Presidents’ Council will review PAC’s retiree members, and consider any new nominees put forward by FPSE Locals or suggested
by either PAC or CPPR and referred through the FPSE Local.
A member will be appointed by the Executive Committee, with voice but without vote, to act as liaison between the Standing Committee, the Executive, and Presidents' Council.
The Non-Regular Faculty Committee may appoint one person to the Committee.
No trustee appointed to the College Pension Board of Trustees may also serve as a local, retired or NRFC representative to the Pension Advisory Committee.
Term of Appointment: Member organizations will normally appoint representatives for terms of four years.
Members of PAC are expected to attend all meetings of the Committee. If members are unable to attend regularly, their appointment may be rescinded by the Presidents’ Council.
Chairperson: The Chairperson will be elected from and by the Committee to serve a two year term.
The Chairperson or designate shall have observer status at meetings of the Presidents’ Council with voice but no vote. The responsibility of the Chairperson includes attendance by the Chairperson or designate at the Presidents’ Council meeting immediately subsequent to a meeting of the Committee or upon request of the FPSE President.
The Chairperson shall attend the Annual General Meeting and Convention. The Convention shall provide orientation and planning opportunities for Committee Chairpersons and facilitate their meeting as a group.
Meetings: Such meetings as are required to fulfill its responsibilities, limited only by the funding allocated to the Committee. The Committee may substitute or include a workshop or conference for a meeting.
Observers: By invitation of the Chair. Observers from FPSE locals may attend meetings, at the locals’ expense, for succession purposes.
Trustees: FPSE-appointed trustees are encouraged to attend PAC meetings/events with voice but no vote. FPSE will pay expenses for the trustees for this purpose.
Quorum: A majority of appointed representatives.
Voting: Positions adopted by consensus among designated representatives; otherwise by simple majority of those voting. Minority reports accepted. (By-Law #6.)
Funds: As allocated in the annual budget.
Resources of Interest
- The BC Investment Management Corporation provides professional funds management services for the College and Municipal Pension plans. The bcIMC website also provides useful links related to fund investment.
- BC IMC Corporate Governance Principles and Proxy Voting Guidelines
(FPSE PAC Sub-Committee on Socially Responsible Investing ** 2023 version) - Benefits and Pensions Monitor
- Benefits Canada
- BC Retired Teachers' Association
- BCFORUM - BCFORUM allows retired and active union members over the age of 50 an opportunity to renew your social network of union members and realize savings in programs, services and products only possible through group negotiation.
- The College Pension Plan
- The Council of Senior Citizens of BC
- FPSE Report: The End of Mandatory Retirement: Adapting to the New Realities of Work and Retirement
- FPSE Factsheet for College Pension Plan Members
- The Municipal Pension Plan
- Retirement Planning Association of Canada