Item - 2024.EX13.15

The Executive Committee:

1. Requested the City Manager to report back to the May 14, 2024 meeting of the Executive Committee on a process for implementing a new appointment procedure to appoint the City of Toronto's representatives to the Ontario Municipal Employees Retirement System Sponsor Board of Directors and Administration Corporation Board of Directors, such process should include:
 

a. a review of the current appointment procedure; and

b. an outline of the steps necessary for implementing a new appointment procedure.

To clarify the procedure undertaken by the City of Toronto to appoint its representatives on OMER’s Sponsor Board of Directors and Administration Corporation Board of Directors. it would be beneficial for the City Manager to report back to the Executive Committee at it’s May 14, 2024, Committee meeting.

The OMERS website, contains detailed information on their governance model OMERS Governance, and roles of board members. As their work is significant, understanding the selection process, as well as exploring new appointment procedures, would be beneficial to the City of Toronto.