Toronto Civic Employees' Pension and Benefit Fund
At its meeting held November 26 & 27, 2019, City Council approved the termination of the Toronto Civic Employees' Pension Plan effective November 30, 2019 as part of the merger of this plan with OMERS. As such, applications to this board are no longer being accepted. This page is still available for reference purposes. If you have any questions about the status of your pension under this plan, please contact Tracy Lee at 416-392-9225.The Toronto Civic Employees' Pension and Benefit Fund is a financial trust and special purpose body that manages and controls the pension fund to ensure that it is administered in accordance with regulatory requirements and the By-laws of the fund.
Committee responsibilities
The committee is responsible for:
- custody of the fund, including the investment of monies according to the requirements of the Pension Benefits Act, the Income Tax Act, and regulations
- payment of pension benefits to members when they are entitled
- keeping proper and correct accounts of all receipts and disbursements, to the satisfaction of the fund's auditor
Term of office
City Council's public member is appointed for four years.
Composition
The committee consists of 7 members and is composed of:
Qualifications
The public member shall not be a current or former member of the Pension and Benefit Fund.
In addition to the general eligibility requirements in the Public Appointments Policy, the public member should possess:
- demonstrated experience in pension fund investment management and financial matters
- knowledge of pension legislation and defined benefit plans
- sound judgement
- knowledge of rules of procedure and ability to chair meetings
- flexible schedule to attend committee meetings and meetings with fund managers and advisors
Meetings
The committee meets approximately four times a year.
Remuneration
The chair receives an annual retainer of $7,500.
Membership
The current and historical Appointments for this body.
Information
Contact Information
City Clerk's Office
12th floor, West Tower, City Hall
100 Queen Street West
Toronto, ON M5H 2N2
email: appoint@toronto.ca
phone: 416-397-0088