Pension Issues
Information & Links on Pension Matters & Issues
■ Pension Committee of Governing Council - links to GC website and PC reports - and UTFA presentations at PC and views
- Link to Pension Committee of Governing Council
- Link to listing of current members of Pension Committee (PC)
- Link to current members of the Investment Advisory Committee (IAC)
- Link to 2010-11 Academic Year - PC Agendas and Reports
- Link to 2011-12 Academic Year - PC Agendas and Reports
- 2012-March-28 presentation by George Luste - re issues & concerns
- 2011-June-10 presentation by George Luste - re performance & risks
- 2011-Sept-28 presentation by George Luste - re actuarial assumption
- 2011-Dec-14 PC motion requesting UTAM information
■ Retirement and Pension Information - from UofT Administration
- Link to Administration's page re: - options, agreements, forms, etc
- Assurance from Administration re SRA payments - April 7, 2011
■ UofT Pension Governance
- November 23, 2011 => UTFA Council Motion re Pension Plan & UTAM
- September 27, 2010 => Terms of New Pension Committee Governance
- August 17, 2009 => Award via Arbitration, by Martin Teplitsky
- July 22, 2009 => UTFA submission at Arbitration (1.3MB file)
- November 15, 2008 => UTFA's initial submission at Mediation to Martin Teplitsky
- April 15, 2009 => Minutes of UTFA AGM in 2008
■ Hal Jackman Committee to review UofT Investments and UTAM
- September 23, 2009 => UTFA presentation and submission regarding Investments and UTAM
- February 20, 2010 => Jackman Report released to public
- February 20, 2010 => President Naylor's response to Jackman Report
- February, 2010 => UTAM response to Jackman Report
■ UTFA Presentations at Business Board of Governing Council ...Regarding Pension Plan, Hewitt (actuary) and UTAM (investment)
- January 31, 2011 => Pension Solvency Report and Deficit Payments
- December 13, 2010 => Hewitt 2010 Annual Report - Pension Tragedy
- April 26, 2010 => UTAM 2009 Annual Report - Cost and Return issues
- December 14, 2009 => Hewitt 2009 Report- $2B Pension Shortfall
- April 27, 2009 => Comments re UTAM and the 2008 UTAM Report
- March 23, 2009 => Comments re Revised Pension Solvency Filing for July 1, 2008
- December 15, 2008 => Hewitt 2008 Pension Report, Shortfalls, Costs and Governance
- April 28, 2008 => UTAM 2007 Annual Report and Costs, Performance of Active vs Passive, Alternative Asset Concerns
- December 17, 2007 => Pension Plan Financial Report and Investment Issues
- November 19, 2007 => Governance Issues
- April 11, 2007 => UTAM 2006 Annual Report and Issue of Value Added
- November 9, 2006 => Pension Plan Problems, Contribution Holidays, Unfunded Liability and Governance
- March 27, 2006 => UTAM 2005 Annual Report, Increasing Costs and Critical Comments
■ Responses and Discussions - related to above memos to Business Board
- UTFA's submission to Ministry of Finance re regulation 909 - March 28, 2011
- UTFA's response to administration's pension FAQ - March 15, 2011
- Administration's Pension FAQ - February 17, 2011
- UTFA Council motion re Pensions - Feb 16, 2011
- UTFA pension response to President Naylor - January 9, 2011
- Pension response by President Naylor - December 15, 2010
■ UTFA - Information Reports (Newsletters)
- UTAM Pension Investment Disaster - July 14, 2011
- Pension Rebuttal-Correcting the Administration - Inf Rep #16- Oct 14, 2010
- UofT's Pension Abyss and the Way Forward - Inf Rep #15 - Sept 15, 2010
- Respone by Provost to UTFA SRA Report - March 18, 2010
- SRA Pension Inequity - Information Report #12 - February 24, 2010
- Inconvenient Truths - Part III - Operating Costs and Issues March 29, 2009
- Inconvenient Truths - Part II - Missing Pension Contributions November 17, 2008
- Inconvenient Truths - Appendix to Part II November 14, 2008
- Inconvenient Truths - Part I - Pension Introduction October 24, 2008
- The Looming Pension Abyss - April 15, 2003
- The Anomalous UofT Pension Plan - Sept, 2002
- Is the UofT Pension Plan Competitive and Equitable - Oct, 2001
■ UTFA - Media Reports
- Universities & cuts to climb out of pension abyss - Globe & Mail Nov 28, 2010
- UofT to Curtail Aggressive Investing - Globe & Mail February 22, 2010
- BNN Interview - U of T Endowment - A Case Study May 19, 2009
- As It Happens Interview - U of T Pension Fund Mismanagement April 3, 2009
- $1.3-billion loss - Globe & Mail April 1, 2009
- Pensions: How a good plan went bad -Globe & Mail May 7, 2009
■ UTFA - Pension Memos directed to Retirees
- Aug13, 2009 => CPI and Pension Cost-of-Living Increases
- July 2, 2009 => Pension Memo to Retirees
- June3, 2009 => Letter to Retirees re UTFA Membership
■ Links & Articles - related to Pensions and Investments
- The Winners Game -FAJ-Charles D Ellis - 2011
- FSCO - Funding of DB Pension Plans in Ontario - 2011-March
- OCUFA Update on Pensions in Ont Univ sector- 2011-Jan-19
- Risk and Risk Control in an Era of Confidence John Bogle, 2000
- How to Minimize Investment Returns Warren Buffett, 2005
- Resurrecting the Defined Benefit Pension Plan: a New Perspective - D. Fore and P. B. Hammond - 2005
- Irrational Optimism, Dimson et al, 2003
- Financing Defined Benefit Pension Plans, Bob Baldwin 2004
- Notes re University of Winnipeg new Board of Trustees