The Municipal Employees' Pension Commission (the Commission) met on October 20, 2023

The Commission approved the process to approve the 2024-2025 budget for Plannera Pensions and Benefits (Plannera). The Commission's administrator, the Public Employees Benefits Agency (PEBA), is transitioning to a not-for-profit corporation called Plannera, effective January 1, 2024.

Meeting with its general investment consultant, the Commission received an update on the Plan's Real Estate investments as at June 30, 2023.

Additionally, the Commission selected a manager for the Municipal Employee's Pension Plan's (the Plan) global equity assets. The manager was selected in alignment with the structure approved by the Commission following the strategic investment review process. The Commission conducts a strategic review every four to six years as part of its governance practices with the goal of incorporating best practices from the institutional investment industry.

Meeting with PEBA, the Commission received a presentation on PEBA's Cyber Security Dashboard as at September 30, 2023.

Also, meeting with PEBA, the Commission received information on the distinction of responsibilities between the Commission and the Plannera corporate board.

In alignment with its Aquisition and Retention of Services policy, the Commission reviewed and approved the annual evaluation the Custodian for the Plan.

The Commission received an update on its annual work plan for September 2023 to June 2024. This update provides a structured and organized approach to achieving specific goals and objectives identified within the Commission's 2023-2024 Strategic Business Plan and aims to track the progress of these initiatives.

The Commission also received routine reports tracking the Commission's governance of the Plan.

The Commission's next meeting is scheduled for November 17, 2023.


Click here for a printable version of these meeting notes

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