Makeup of a pension committee
The pension committee's makeup must respect the provisions of the plan text. It must also be in conformity with the minimum requirements of the Supplemental Pension Plans Act.
To find out how many members are on the pension committee and the rules for designating and replacing them, refer to the plan's provisions. If the rules give rise to problems, the committee may recommend changes to the person empowered to amend the plan, generally the employer.
The rules provided for by the plan must stipulate the following:
The internal by-laws may provide for:
To find out more...
See How a Pension Committee Operates in the Administering a pension plan well collection.