The Plan is jointly sponsored by the employers and the employees who are members of the Plan. Employees are represented by the Civic Pension and Benefits Committee which appoints Employee Representatives to the Sponsor Board and Administrative Board.
Sponsor Board
The Sponsor Board consists of seven Employer Representatives and seven Employee Representatives and those individuals are responsible for establishing, reviewing, and revising Plan benefits. Any amendement to the Plan must be agreed to by the Plan Sponsors.
The Plan is administered by a Board of Trustees made up of 12 voting members. Six Employer Representatives are appointed by the Participating Employers and six Employee Representatives are appointed by the Civic Pension and Benefits Committee. Both the Participating Employers and the Pension and Benefits Committee may also appoint two non-voting alternate representatives. Please visit the Board page for a list of the current Board members.
The Administrative Board is responsible for the administration of the Plan in accordance with the terms of Appendix "B" to the Sponsorship Agreement. The Administrative Board responsibilities include:
- compliance with plan provisions;
- delegation of operational activities to Möbius Benefit Administrators Inc.;
- preparation of the audited financial statements;
- ensuring the Plan is able to meet future obligations as they occur and the long-term solvency of the Plan;
- ensuring all assets of the fund are kept separate and apart from the assets of the Employers;
- making investments in accordance with the Plan's Statement of Investment Policies & Procedures;
- ensuring the 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.
The operational activities of the Plan are performed by Möbius Benefit Administrators Inc. The staff of Möbius Benefit Administrators are pleased to provide assistance to members regarding their individual benefit entitlements.