Committees

Committees get the work done

The PEBT has established several permanent Trustee committees to manage specific areas of operation. Each committee meets regularly and reports to the Board as required.

Joint Early Intervention Service (JEIS) and Long-Term Disability (LTD) Committee

The JEIS/LTD Committee oversees the administration of the JEIS program. The committee’s primary responsibilities include:

  • Monitoring, analyzing and assessing the effectiveness of the JEIS program.

  • Providing recommendations for improvement of the program to the Board.

  • Supporting and Liaising with District Joint JEIS Committees.

  • Overseeing the transition from the JEIS program to the Core LTD program.

  • Monitoring LTD activities provincially.

Finance and Audit Committee

The Finance and Audit Committee oversees the financial operations of the Trust and reviews the annual audited financial statements. The committee’s primary responsibilities include:

  • Preparing the annual budget of plan expenses, benefit payments, contribution income, and investment earnings

  • Reviewing the financial statements, comparing the amounts to the budget, and reporting any significant variances to the Board, as required

  • Reviewing actuarial valuations prepared by the Actuary

  • Reviewing recommended renewal rates determined by the Actuary and ensuring compliance with the PEBT Underwriting and Rate Setting Policy

  • Developing projections of Trust assets, liabilities, plan expenses, and other elements affecting cash flow in conjunction with the regular financial risk assessment of the Plan

  • Monitoring the activities of the Trust Accountant and Auditor

Investment Committee

The Investment Committee assists the Board in fulfilling its responsibilities as the manager of the assets of the Trust. The committee’s primary responsibilities include:

  • Recommending investment policies to the Board.
  • Monitoring and evaluating the performance of the Trust assets.
  • Recommending the selection of investment manager(s) to the Board.
  • Developing a risk management framework (including risk controls).
  • Reviewing the PEBT Statement of Investment Policies and Procedures (SIPP).
  • Identifying investment strategies that may increase the Fund’s rate of return or reduce investment risk.

Administration Committee

The Administration Committee oversees the operation of the Trust. The committee’s primary responsibilities include:

  • Monitoring overall administration services and requirements.
  • Developing and overseeing the PEBT communications strategy and program.
  • Training and orienting new trustees.
  • Reviewing Trustee policies.

Other Committees

A number of other committees meet when necessary, depending on the requirements of the Trustees. These include the Plan Design Committee and Litigation Committee.