February 10, 2022

• Approved the following:

1. Approve a tiered approach to Insurance Funding risk management as articulated in the materials, to be incorporated into updates to the Insurance Funding risk appetite statement and the Funding and Pricing Policy in 2022;
2. Approve distribution of $1.5 billion immediately with $300 million held in reserve to be distributed if and when directed by the Board of Directors, to Schedule 1 employers within 90 days of the Board’s decision (i) premised on the tiered approach to Insurance Funding risk management and (ii) subject to the eligibility criteria and calculation methodology to be approved at the February 24, 2022 Board of Directors meeting.

February 25, 2022

• Approved that membership to the Audit and Finance Committee be as follows effective February 25, 2022:
  • Leslie Lewis, Chair
  • Karen Tam, Vice-Chair
  • Paul Bates
  • Peter George
  • Helen Polatajko
  • Grant Walsh, ex-officio
• Approved that membership to the Governance Committee be as follows effective February 25, 2022:
  • Grant Walsh, Chair
  • Paul Bates
  • Jeffery Lang
  • Leslie Lewis
  • Helen Polatajko
  • Bruce Smith
  • Lori Turik
• Approved that membership to the Human Resources and Compensation Committee be as follows effective February 25, 2022:
  • Bruce Smith, Chair
  • Lori Turik, Vice-Chair
  • Sean McFarling
  • Karen Tam
  • Sandra Wrycraft
• Approved that membership to the Investment Committee be as follows effective February 25, 2022:
  • Grant Walsh
  • Paul Bates, Chair
  • Peter George, Vice-Chair
  • Jeffery Lang
  • Leslie Lewis
• Approved that membership to the Information Technology Advisory Group be as follows effective February 25, 2022:
  • Helen Polatajko, Committee Chair
  • Peter George, Member
  • Karen Tam, Member
  • Grant Walsh, Member, Chair, Board of Directors
  • John Comacchio, External Advisor (May 20, 2021 – May 19, 2023)
  • Paul Lewis, External Advisor (May 20, 2021 – May 19, 2023)
  • Robert Merizzi, External Advisor (May 20, 2021 – May 19, 2023)
• Approved the revised Information Technology Advisory Group Terms of Reference.
• Approved the reappointment of Maureen Farrow as an External Advisor to the Investment Committee with a one-year term commencing on April 1, 2022 and ending on March 31, 2023.
• Approved the eligibility criteria and calculation methodology to be used in issuing the surplus distribution approved by the Board of Directors on February 10, 2022 to Schedule 1 Employers, as set out in Appendix I.
• Approved PAR to initiate procurement activities for Managed Workplace Services Agreement, to cover a contract term of five years, plus six months transition-in with two options for one year extensions.
• Approved the following:
  • The extension of the Managed Security and Project Services contract with Deloitte LLP entered into on November 13, 2019 for four years with two optional one year extensions;
  • Approve a corresponding uplift to the existing PAR.