Metropolitan Toronto Police Benefit Fund

At its meeting held November 26 & 27, 2019, City Council approved the termination of the Metropolitan Toronto Police Benefit Fund 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 Metro Toronto Police Benefit Fund is a financial trust. The board of trustees manages and controls the pension fund to ensure that it is administered in accordance with regulatory requirements and the bylaws of the fund.

Board responsibilities

The board is responsible for:

  • custody of the pension funds, including the investment of monies in conformity with the requirements of the Pension Benefits ActOpens in new window, the Income Tax Act, and regulations
  • payment of pension benefits to members when entitled
  • keeping proper and correct accounts of all receipts and disbursements, to the satisfaction of the auditor of the fund

Term of office

City Council's public member of the board is appointed for four years.

Composition

The board is composed of 7 members:

  • 1 public member appointed by City Council, who serves as Chair
  • 3 member representatives elected by Plan members
  • City Manager designate
  • Chief Financial Officer & Treasurer designate
  • Controller

Qualifications

In addition to the general eligibility requirements set out in the Public Appointments Policy, the public board member must demonstrate:

  • keen interest and knowledge of pension matters
  • extensive professional skills relating to investment management and financial administration
  • possession of sound judgment and knowledge of local government procedures
  • flexibility in daily work activities to permit attendance at all board meetings and attendance at meetings with the fund's Investment and Actuarial Consultants and Investment Managers
  • knowledge of general rules of procedure for Committees and ability to chair meetings

Meetings

The boards meets approximately six to eight times per year. Other meetings may be held at the call of the chair.

Remuneration

The chair of the board receives remuneration of $7,500 per annum.

Membership

The current and historical Appointments for this body.