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The Canadian Blood Services Defined Contribution (DC) Pension Plan is administered by Canadian Blood Services. An Advisory Committee assists CBS by monitoring investment performance and plan administration, and by making recommendations for any changes in the fund manager(s) involved in the investment of the funds. The Advisory Committee consists of six representatives appointed by CBS. These representatives include individuals nominated by the unions who represent employees who participate in the DC Plan. The number of union representatives is in proportion to the number of plan members represented by the unions, to a maximum of three representatives.

The Advisory Committee normally meets twice a year, on the last Friday in April and the last Friday in November.

At each meeting, the Committee reviews investment performance against benchmarks established in the Statement of Investment Policies & Procedures.



Current Committee members

The current Advisory Committee members are:

Pauline Port (Chair)
CBS Vice-President and Chief Financial Officer

Elaine Sibson
CBS Board of Directors

James McCormick
CBS Manager Employee Relations

Elizabeth Thompson
Union Representative – Health Sciences Association of Alberta

Marc Payette
Union Representative – Manitoba Government and General Employees' Union

Martin Hajek
External Representative


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The role of the Committee

  • Determining the investment policy of the pension fund;
  • Recommending the selection, appointment and replacement of investment managers;
  • Monitoring investment performance; and
  • Monitoring plan administration.

The Committee has an investment consultant (Mercer Investment Consulting) to assist them in establishing an investment policy, and selecting and monitoring investment managers.

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Record of advice

The Advisory Committee meets periodically to review the plan. Below you will find the Records of Advice from all Advisory Committee meetings.

 1999 Record of Advice

 2000 Record of Advice

 2001 Record of Advice

 2002 Record of Advice

 2003 Record of Advice

 2004 Record of Advice

 2005 Record of Advice

 2006 Record of Advice

 2007 Record of Advice

 2008 Record of Advice

 2009 Record of Advice

 2010 Record of Advice

 2011 Record of Advice

 2012 Record of Advice

 2013 Record of Advice

 2014 Record of Advice

 2015 Record of Advice

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Financial Statement

Below you will find the annual audited financial statements of the Canadian Blood Services Defined Contribution Pension Plan as well as Comments from the Advisory Committee Chair.

 2005 Financial Statement

 2006 Financial Statement

 2007 Financial Statement

 2008 Financial Statement

 2009 Financial Statement

 2010 Financial Statement

 2011 Financial Statement

 2012 Financial Statement

 2013 Financial Statement

 2014 Financial Statement

 2005 Comments from the DC Advisory Committee Chair

 2006 Comments from the DC Advisory Committee Chair

 2007 Comments from the DC Advisory Committee Chair

 2008 Comments from the DC Advisory Committee Chair

 2009 Comments from the DC Advisory Committee Chair

 2010 Comments from the DC Advisory Committee Chair

 2011 Comments from the DC Advisory Committee Chair

 2012 Comments from the DC Advisory Committee Chair

 2013 Comments from the DC Advisory Committee Chair

 2014 Comments from the DC Advisory Committee Chair

 

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Statement of Investment Policies & Procedures

 2010 Statement of Investment Policies & Procedures

 2014 Statement of Investment Policies & Procedures

 

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