Leadership and Governance

CAAT Pension Plan operates under a jointly sponsored governance model, with equal employer and member representation. Strategic decisions relating to plan design, funding, and sustainability are jointly made by representatives of members and employers. The sponsors of the Plan include the College Employer Council (CEC), the Ontario Public Service Employees Union/Syndicat des employés de la fonction publique de l’Ontario (OPSEU/SEFPO), and the Ontario College Administrative Staff Association (OCASA*). Together, the sponsors play a central role in the Plan’s joint governance framework.

As a member of the CAAT Pension Plan, you can be certain that your interests are well-represented, because both members and employers share equally in making the decisions that affect your benefit security.

The Sponsors’ Committee is an eight-member group, which approves Plan amendments and files actuarial valuations. Members of the Sponsors’ Committee primarily represent the interests of the groups that appoint them. The Committee’s focus is determining how to best balance contribution rates and benefit design.

As of January 1, 2026, the Board of Trustees is a 14-member board. In May 2025, the Sponsors’ Committee approved the expansion of the Board to include two additional members representing stakeholders from outside the Ontario college sector, bringing the size of the Board to fourteen. One of the additional Trustees has been selected by Unifor and the other by a group of Unifor-related employers.

As fiduciaries, Trustees are legally bound to act in the interests of all Plan members. The Board of Trustees sets the investment strategy and funding risk that are appropriate for the Plan’s long-term obligations and establishes policies for administering benefits.

The CAAT Pension Plan Board of Trustees establishes committees to support the Board in carrying out its oversight and decision-making responsibilities. Each committee operates under a defined mandate. Committee composition is reviewed annually. Committee discussions and activities are documented and reported to the Board, with each Committee Chair providing Trustees with a summary of key matters at the next Board meeting.

• Audit Committee – reviews the effectiveness of the organization in controlling and managing operational risk. It ensures the reliability of financial reporting and reviews the annual financial statements.
  1. Marcia Steeves, Co-Chair
  2. Steven Wolff, Co-Chair
  3. Janet Greenwood
  4. Ernest Parsons
  5. Cara Wolf
  6. Audrey Wubbenhorst
• Finance and Administration Committee – is concerned with Plan design, funding and administration, legislation, litigation, and the appointment and evaluation of actuarial and legal advisors.
  1. Audrey Wubbenhorst, Co-Chair
  2. Laura Lynch, Co-Chair
  3. Alison McKay
  4. Patrick Rettig
  5. Dianne Salt
  6. Marcia Steeves
• Governance Committee - assists the Board of Trustees in ensuring effective Board functioning and decision making as well as overseeing management of the CEO & Plan Manager.
  1. Dianne Salt, Co-Chair
  2. Patrick Rettig, Co-Chair
  3. Riley Burton
  4. Janet Greenwood
  5. Cara Wolf
  6. Audrey Wubbenhorst
• Investment Committee – develops and recommends the Statement of Investment Policies and Procedures and related policies such as those concerning responsible investing and investments in derivatives.
  1. Riley Burton, Co-Chair
  2. Janet Greenwood, Co-Chair
  3. Laura Lynch
  4. Owen Smith
  5. Steven Wolff
  6. Audrey Wubbenhorst
• Appeals Subcommittee – hears member appeals of the interpretation of Plan rules.
  1. Riley Burton
  2. Laura Lynch
  3. Dianne Salt
  4. Marcia Steeves

To remain on track and focused on our goals, the Plan relies on the leadership of an accomplished team of professionals. With a mix of industry experience, education, and a commitment to our long-term objectives, we have a team with a wealth of expertise to meet future challenges.