Public Service Superannuation Plan Trustee Inc. (PSSPTI) is the Trustee of the PSSP and the Public Service Superannuation Fund (Fund). The PSSPTI Board is made up of 12 directors and one independent chair, who have a fiduciary duty to make key decisions in the best interest of all Plan members and beneficiaries. PSSPTI meets 5 to 6 times a year.
The PSSPTI Board is comprised of directors representing both employees and employers. This includes:
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3 directors representing the Nova Scotia Government Employees Union (NSGEU),
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1 director representing the Nova Scotia Government Retired Employees Association (NSGREA),
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1 director representing CUPE Local 1867,
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1 director representing Non-union employees, and
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6 directors representing the Nova Scotia Government.
The Board’s Role
The PSSPTI Board’s role is to oversee sound administration of the Plan and the investment management of the Fund’s assets. This includes:
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Reviewing and approving changes to the Plan and benefits structure
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Setting contribution levels
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Maintaining the Funding Policy
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Monitoring investment performance
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Approving annual operating budgets
PSSPTI Directors have extensive experience in a wide range of disciplines required to oversee the PSSP.
The Board Committees
PSSPTI oversees all aspects of the Plan through the four committees. The Committees report to the Board, making recommendations to the Board within the scope of their mandates.
The four committees are:
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Audit, Actuarial, and Risk: Oversees the Plan’s auditors and actuaries. Conducts a detailed review of the audited financial statements and actuarial valuation reports. Reviews quarterly compliance reports.
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Governance, Communications, and Member Services: Supports PSSPTI in fulfilling its obligations to ensure good governance through policy development and best practices. Ensures appropriate governance principles, structures and procedures are in place, as well as communications industry standards are met.
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Investment: Monitors investment performance. Reviews and approves all investment management policies.
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Plan Rules: Supports PSSPTI in identifying, proposing, and finalizing amendments to the plan text.
