Plan Administration

Administrative Board

The Plan is governed by a Board of Trustees made up of six voting members comprised of three employee representatives, two employer representatives and one independent member. The employer representatives are appointed by the Board of Police Commissioners. The employee representatives are made up of two representatives appointed by the Regina Police Association, and one other appointed by the Senior Officers’ Association. The independent member is appointed by the Sponsor Board and must be agreed to by both the employer and the employees.

 

The Board is required to meet at least quarterly and an affirmative vote of at least four members is required to pass any motion relating to the administration of the Plan.

 

Please visit the Board page for a list of the current Board members.

 

The Administrative Board is responsible for the administration of the Plan as legislated by The Pension Benefits Act, 1992(Saskatchewan) and in accordance with the terms of Schedule "A" of the Target Retirement Income Plan for the Regina Police Service. The Administrative Board responsibilities include:

- compliance with pension legislation;

- delegation of operational activities to the Möbius Benefit Administrators Inc.

- preparation of the audited financial statements;

- ensuring the Plan is able to meet the pension obligations as they occur and the

long-term solvency of the Plan;

- ensuring all assets of the fund are kept separate from the assets of the

Employers;

- making investments in accordance with relevant legislation;

- defining risk and outlining appropriate risk management practices;

- ensuring whe various investment managers are managing the fund assets

in an appropriate manner and in compliance with the Statement of

Investment Policies & Procedures; and

- developing and implementing policy documents to support the objectives of the Plan.

 

 

Möbius Benefit Administrators Inc.

The operational activities of the Plan are performed by Möbius Benefit Administrators Inc. The staff of the Möbius Benefit Administrators Inc. are pleased to provide assistance to members regarding their individual benefit entitlements.

 

 

Plan Sponsor

The Plan is sponsored by the Board of Police Commisioners. The plan sponsor is responsible for establishing plan benefits. Any amendment to the Plan must be agreed to by the Commission and a majority of the members of the Employees' Pension Committee.

 

 

Employees' Pension Committee

The Employees' Pension Committee is made up of four voting members consisting of: two representatives from the Regina Police Association and two representatives from the Regina City Police Senior Officers' Association.