Special Purpose Bodies > Financial Trusts > Pension Bodies

Toronto Civic Employees' Pension and Benefit Fund Committee and
Toronto Fire Department Superannuation and Benefit Fund Committee

The Toronto Civic Employees' Pension and Benefit Fund and the Toronto Fire Department Superannuation and Benefit Fund are financial trusts.

The Pension and Benefit Fund Committees are special purpose bodies that manage and control the pension funds to ensure that they are administered in accordance with regulatory requirements and the bylaws of the plans.

Responsibilities
The Pension and Benefit Fund Committees are responsible for:

• custody of the funds, including the investment of monies in conformity with the requirements of the Pension Benefits Act, the Income Tax Act, and regulations
• payment of pension benefits to members when entitled
• keeping proper and correct accounts of all receipts and disbursements, to the satisfaction of the auditor of the funds

Term of office
Four years.

Composition
Toronto Civic Employees' Pension and Benefit Fund Committee consists of 7 members:

• 1 external citizen member nominated by the committee for appointment by City Council (who is elected as chair)
• 2 City Councillors
• 2 Toronto Civic Pensioners Protective Association (TCPPA) representatives or alternates
• 1 Local 79 or TCPPA representative or alternate
• the City Treasurer (or designate)

Toronto Fire Department Superannuation and Benefit Fund Committee consists of 7 members:

• 1 external citizen member nominated by the committee for appointment by City Council (who is elected as chair)
• 2 City Councillors
• 3 Toronto Fire Department Pensioners' Association (TFDPA) or alternates
• the City Treasurer (ex officio)

Meetings
The Pension and Benefit Fund Committees meet on a quarterly basis.

	Canada Income Tax Act
	City Clerk's Office Secretariat (PDF)
	Ontario Pension Benefits Act
	Board-specific processes and requirements