A huge thank you to Jovica Miodragovic, who's served as APSA's Trustee for the last six years. As Jovica is retiring from SFU this year, we are looking for a new Pension Trustee.
What does the APSA Trustee do?
The Administrative/Union Staff Pension Plan is owned by the members through a Trust Agreement. The Trustee’s role is to administer the operations and funds of the Pension Plan according to this Trust Agreement and the Plan Text. The APSA Trustee sits on the Board of Trustees. They meet once a month to deal with administrative issues, monitor investments and approve and review an investment mix. Within this investment mix, they hire fund managers who have specific expertise.
A full valuation of the pension plan is performed every three years; the Board must also select and approve "assumptions" for demographics and earnings, which are used to set the contribution rate.
The role of pension trustee is strictly administrative as negotiating over the plan takes place elsewhere.
Preferred experience
Interested members should be comfortable with mathematics, general accounting issues, and have had exposure to complex documents.
Term
Three years. As a fair amount of training involved, it is important for the candidate to expect to serve the entire term when considering the role.
To apply
Email Anne Mason, at apsa@sfu.ca, expressing your interest by July 15.
Who else sits on the Board of Trustees?
The Board of Trustees is made up of a representative from each of the employee groups; APSA, CUPE and Poly Party and three people nominated by the University. This combination maintains a balance in discussions and decisions.