Minutes
City Council
Monday, September 14, 2020
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:
APPROVE the Actuarial Valuation of the Contributory Pension Plan for Employees of Transit Windsor as at December 31, 2019; and,
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,
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