Each of Western’s pension plans (Academic and Administrative) are administered by a Pension Board consisting of up to four members of the plan and three appointed members who are common on both Boards. The Academic and Administrative Staff Pension Boards work together as the Joint Pension Board. The Boards are standing committees of the Board of Governors and have been delegated the responsibility of administering the respective pension plans. Human Resources has been delegated the responsibility for the day to day operations of the plans.
The Joint Pension Board, while responsible for the overall administration of the plans, has contracted the assistance of many professionals. They include investment managers, an investment management consultant, auditors and an actuarial consultant. The Board has employed the services of Frank Russell Canada Limited to provide advice and guidance in the selection and hiring of the investment managers for the various investment funds.
Joint Pension Board Election Results - October 2015
Thank you to all eligible members of the Western Pension Plan for Academic Members who voted in our October election. Following a three-day vote, Professor John de Bruyn was elected to the vacant seat on the Academic and Joint Boards with 55 percent of the vote. Elections are held on an annual basis, and also as required to fill vacant seats.
John de Bruyn
John de Bruyn is a Professor in the Department of Physics and Astronomy at Western. He received his PhD in Physics from UBC in 1987 and was a faculty member at Memorial University of Newfoundland for 16 years before moving to Western in 2005. He served as Chair of the Department of Physics and Astronomy from 2005 to 2010. John has won awards for both research and teaching, and has served on national-level committees for NSERC, the Canadian Association of Physicists, and the Canadian Space Agency, among others. As Department Chair he oversaw - and consistently balanced - an annual budget of roughly $6M. John has received good advice from his financial advisor for over thirty years and has a solid understanding of the principles of good retirement planning and personal investing.
"Our Mission is to provide members with the opportunity to accumulate adequate funds for retirement. We seek to provide sufficient choices but not onerous choices. We seek to provide services and options on a cost effective basis to accommodate members who are active in the management of their retirement savings and also for those members who look to the board for guidance. We will provide these services and options while following our principles."