Canadian Air Transport Security Authority: Pension Administration
Canadian Air Transport Security Authority |
Pension Administration Wednesday 31 January 2024 04:23 PM UTC+00 Pension Administration ApplicationThe requirements of this chapter apply to the entire Board, but are of particular importance to members of the Governance, Human Resources and Pension Committee ("GHRP Committee") with respect to their pension administration responsibilities for the "CATSA Pension Plans" or "Plans":
Note: Members of the Pension Management Committee ("PMC") are also subject to the same Standards of Conduct within the Pension Management Committee Code of Conduct and Ethical Behaviour. PurposeThe conduct of the Board as administrator and sponsor of the CATSA Pension Plans and the conduct of the members of the GHRP Committee and the PMC in fulfilling their delegated administration responsibilities affects the members and beneficiaries of the CATSA Pension Plans who depend on the pensions for their retirement income. Consequently, as part of a governance best practice, the Standards of Conduct provided in this chapter are intended to work in conjunction with the other Standards of Conduct of this Code in order to provide additional assurance that those individuals who are fulfilling pension administration responsibilities are subject to appropriate ethical standards. Standards of ConductIn fulfilling their fiduciary responsibilities with respect to the administration of CATSA's pension plans, Directors shall:
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