Saint Marys University Pension Plan Annual General Meeting

Saint Mary’s University Pension Plan Annual General Meeting June 2009

Agenda ü Governance Overview and Financial Report – Chair, Pension Committee Pension Plan Investments – Mercer Report from Custodian and Record keeper – Sun Life Financial Open Forum - Member comments and questions Members’ Luncheon 2

Year in Review n 2008/09 has been a very challenging year for all investors n Pension Committee continues to focus on ¨ Administering the plan prudently ¨ Monitoring pension plan investments and our agents ¨ Providing appropriate information support and tools to members

Monitoring n n Comprehensive annual review of investments ¨ Information provided by our consultants as events occur ¨ Information available on Sponsor Website 24/7 ¨ Yvan Breton (Mercer) to provide update today Regular review of other areas ¨ competitiveness of fees ¨ member asset allocations

Member Support n As pension plan member, you direct the investment of your pension assets ¨ n This may involve getting independent financial advice Pension Committee’s responsibilities Provide access to the right tools and information ¨ Monitor use/utility of tools and information ¨ Stay current with changes in pension environment ¨ Respond to your feedback and questions ¨

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The above distribution shows the proportion of members in the various asset allocation portfolios (87% of plan members at SMU use the portfolios) 127 members have a different allocation portfolio for employee and employer contributions 7

Pension Plan – education opportunities for plan members n Sun Life Information Sessions ¨ ¨ n Information for Recently Hired Members “My. Money” Tools Pension information tailored to members nearing retirement ¨ ¨ ¨ Group session designed for SMU pension plan members (Mercer) One-on-one consulting – first session paid by SMU Book purchase on retirement lifestyle n Investing in Distressed Markets (Mercer) n How to Select a Financial Advisor (Mercer) n Canada Pension Plan information session n HR Department one-on-one orientation sessions for new members n Pension Website (SLF and SMU) n Quarterly statements n Annual General Meeting Pension Committee met 6 times during 2008 8

Pension Plan – financial / budget report The pension committee has adequate funding to operate effectively: n Operating funding $65, 000 annual budget provided by SMU n 2008/09 expenses $83, 000 (pension consulting, member meetings and training, investment monitoring, information return to pension superintendent, member communication) n Accumulated reserve for pension administration decreased from $80, 400 to $78, 300 ($80, 400 - $18, 300 deficit + $3, 200 interest + $13, 000 reversal) 9

Conclusion n The pension plan and its members have not been immune to the financial market events of past year ¨ n Continuing confidence in the overall integrity of plan design and processes/relationships Committee is here for you ¨ Tell us what we can do to support you

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