Pension Plan Investments

Investment Committee

The Board has established an Investment Committee responsible for overseeing the investment of the Fund's assets in accordance with the Statement of Investment Policies and Procedures. The Committee is comprised of eight members appointed by the Board.

Please click here for list of Committee member names

Custodian

CIBC Mellon Global Securities Services Company is the custodian of the Pension Plan's assets. As well as being responsible for the safekeeping of those assets, they also provide accounting and reporting services.

Visit CIBC Mellon Global Securities Services

External Performance Measurement

BNY Mellon Asset Servicing provides the fund with investment return calculations and portfolio analytical information.

Visit BNY Mellon Asset Servicing

Investment Management

HEPP hires external investment management firms based on their asset management expertise for given asset classes.

View List of Investment Managers

Statement of Investment Policies and Procedures

The Board is responsible for establishing a Statement of Investment Policies and Procedures (SIPP). Investment managers must invest the Pension Plan's assets in accordance with the SIPP.

The Pension Plan's number-one investment priority is to ensure that there are enough assets in the Plan to meet benefit obligations.

The Pension Plan must achieve a long-term target rate of return of 6.25% as determined by the Plan’s actuary to fund all basic promises of the Plan on a going-concern basis.

© 2017 HEB Manitoba

 

Disclaimer - This website provides a basic overview of the Healthcare Employees' Pension Plan (HEPP) and the Healthcare Employees' Benefits Plan (HEBP) (collectively the HEB Manitoba Pension and Benefit Plans). Not all employers participate in all Plans. Please check your eligibility for benefits with your employer.

HEB Manitoba is a name notation registered by the Healthcare Employees’ Pension Plan – Manitoba and the Healthcare Employees’ Benefits Plan – Manitoba and under which each of their respective undertakings is carried out.

The information on this website is for convenience of reference only and has no official sanction. View our full disclaimer here.