THE CONTRIBUTORY PENSION PLAN FUND FOR EMPLOYEES OF TRANSIT WINDSOR

(Registration Number 353821)

Notes to Financial Statements (continued)
(in thousands of dollars unless otherwise stated)

Year ended December 31, 2019 

5. Benefit payments:

	2019	2018
Retirement benefit payments	$ 2,039	$ 1,985

6. Administrative expenses: 

	2019	2018
Investment management fees	$ 189	$ 147
Audit fees	3	4
Consulting and actuarial fees	80	99
Administrative fee	4	3 $ 276 $ 253
	3 $ 276	$ 253

7. Related party transactions: 

The Plan defines its key management personnel as the Company's Board of Directors and other members of senior executives responsible for planning, controlling and directing the activities of the Plan. The Plan has not paid for services provided by key management personnel.