Report Number: SCM 261/2020 & S 108/2020

Clerk’s File: ST2020

8.20. The Contributory Pension Plan for Employees of Transit Windsor - Actuarial Valuation as at December 31, 2019 - City Wide

Moved by: Councillor Gignac

Seconded by: Councillor Holt

Decision Number: CR470/2020 ETPS 783

That the Environment, Transportation & Public Safety Standing Committee sitting as the Transit Windsor Board of Directors:

  1. APPROVE the Actuarial Valuation of the Contributory Pension Plan for Employees of Transit Windsor as at December 31, 2019; and,

  2. DIRECT the Executive Director of Transit Windsor, as the Plan Administrator, to forward the Actuarial Valuation as at December 31, 2019, to the Office of the Superintendent of Financial Institutions and to the Canada Revenue Agency; and,

  3. APPROVE the reduction of the established Letter of Credit by $153,931.

Carried.

Report Number: SCM 262/2020 & S 103/2020

Clerk’s File: MT/13708

8.21. The Contributory Pension Plan for Employees of Transit Windsor - Audited Financial Statements for the year ended December 31, 2019 - City Wide

Moved by: Councillor Gignac

Seconded by: Councillor Holt

Decision Number: CR471/2020 ETPS 784

That the Environment, Transportation & Public Safety Standing Committee sitting as the Transit Windsor Board of Directors:

APPROVE the Audited Financial Statements as at December 31, 2019, of the Contributory Pension Plan Fund for Employees of Transit Windsor; and,

DIRECT the Executive Director of Transit Windsor, as the Plan Administrator, to file the financial statements with the Office of the Superintendent of Financial Institutions Canada (OSFI).
Carried.

Report Number: SCM 263/2020 & S 104/2020

Clerk’s File: MT/13708