Canadian Public Sector Pension Investment Board Makes Changes
The Honourable Stockwell Day, President of the Treasury Board, is pleased to announce the appointment of four directors to the Public Sector Pension Investment Board two of whom have been reappointed.
All directors will work for the Public Sector Pension Investment Board for a duration of four years. These individuals bring to the Public Sector Pension Investment Board a range of experience and knowledge:
Ms. Lynn Haight
Mr. William MacKinnon
Ms. Cheryl Dolores Barker (reappointed)
Mr. Michael Mueller (reappointed)
The Public Sector Pension Investment Board is a Crown corporation established by Parliament by the Public Sector Pension Investment Board Act (September 1999). The mandate of the Public Sector Pension Investment Board is to manage employer and employee contributions made after April 1, 2000, to the federal public service, Canadian Forces and Royal Canadian Mounted Police pension funds. Proceeds equal to annual net contributions to these pension funds are approximately $4 billion. Assets are invested in fixed income instruments and Canadian and foreign equities, real estate, private equities and other permissible investments through in-house and external managers.
Under the Public Sector Pension Investment Board Act, the management of the business of the Public Sector Pension Investment Board rests solely with its Board of Directors. In particular, the Board of Directors appoints the President and Chief Executive Officer, determines the investment policy for the assets managed by the Public Sector Pension Investment Board, and sets the compensation policy for its staff. The first directors were appointed on April 7, 2000. The Public Sector Pension Investment Board is not an agent of Her Majesty, and its directors, officers and employees are not part of the Public Service of Canada.
Biographical notes and factsheet are attached.
Topics: 2010, appointment, Barker, board, Canada, day, Haight, investment, MacKinnon, Minister, Mueller, new, news, pension, sector
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