REPORT NUMBER 45 OF THE PENSION COMMITTEE
May 26, 2021
To the Governing Council,
University of Toronto.
Your Committee reports that it held a virtual meeting in closed session on Wednesday, May 26, 2021 at 4:00 p.m. with the following members present:
Present: Cynthia Messenger (Chair), Janet L. Ecker (Vice-Chair), Brian D. Lawson (Vice-Chair of the Governing Council), David N. Bowden, Colleen Burke, Louis Florence, Joan Johnston, Anna Kennedy, Sameer Lal, Rajiv Mathur, Alex D. McKinnon, Kim McLean, Andrew Padmos, Andrew Szende, Maureen Stapleton, Paul Whittam, Bruce Winter, Lara Zink
Regrets: Lara Zink, Jun Nogami, Terezia Zoric
Non-Voting Assessors: Kelly Hannah-Moffat (Vice-President, Human Resources and Equity), Sheila Brown (Chief Financial Officer)
Secretariat: Patrick McNeill, Committee Secretary
In Attendance: Elizabeth Brown (Brown Mills Klinck Prezioso LLP), Angela Hildyard (Special Advisor to the President), Pierre Piché (Controller and Director of Financial Services), Allan Shapira (Plan Actuary, Aon), Daren Smith (President and Chief Investment Officer, University of Toronto Asset Management Corporation (UTAM))
The Committee met in closed session
- Chair’s Remarks
The Chair welcomed members and guests to the virtual meeting.
The Committee Moved In Camera
- Reports of the Administrative Assessors
Professor Angela Hildyard presented an update on the University Pension Plan [UPP].
There were no other reports of the Administrative Assessors.
The Committee Moved back to closed session
- Report of the Previous Meeting
On motion duly moved, seconded and carried
IT WAS RESOLVED
THAT the Pension Committee Report Number 44, from the meeting of March 24, 2021, be approved.
- Business Arising from the Report
There was no business arising from the report of the previous meeting.
- Date of Next Meeting
The next meeting of the Pension Committee was scheduled for Wednesday, September 28, 2021.
- Other Business
There were no items of other Business.
The meeting adjourned at 4:29 p.m.
May 28, 2021