The Civil Service Superannuation Board | Investment Committee
Finance and Audit Committee

The Civil Service Superannuation Board

Subsection 5(1) of the Act requires that it be administered by a board consisting of nine members of whom four shall be representatives of the employees. The appointment of the additional five members of the board representing employers is made by the Lieutenant Governor in Council

Chair - Mr. Al Morin

Employee Representatives

Mr. Wayne Andon
Mr. Ray Erb
Ms Monica Girouard
Mr. Ryan Wiebe

Employer Representatives

Mr. Gabriel Forest
Ms Carmele Peter
Dr. Les Ullyot
Mr. Merv Worden

Investment Committee

The structure of the CSSB ’s Investment Committee is outlined in Subsection 10(2) of the Act. The Committee is required to be comprised of

• The chairperson of the Board
• Deputy Minister of Finance
• A person appointed from among their number by members of the Board representing employees
• The general manager of the Fund; and
• At least two, but not more than four persons, appointed by the CSSB on the recommendation of the members of the Committee.

Persons recommended for appointment to the Committee shall be selected based upon their investment experience and competence.

Subsection 10(4) of the Act requires the Committee to regularly review the investments in which the Fund is invested. They meet at least 9 times each year to accomplish this objective and at the same time receive governance-related investment information.

Chair - Mr. Peter G. Munro^

Mr. Dick Archer*

Deputy Minister of Finance - Ms Diane Gray^
General Manager - Mr. Bruce Schroeder^

Mr. Richard W. Brownscombe*
Mr. Charlie Curtis*
Mr. Ray Erb^
Mr. Stan Susinski*

The Investment Committee also manages the assets of the Manitoba Hydro Employer Fund and three Centra Gas portfolios. Manitoba Hydro appointed the following person as their representative to those committees in conjunction with the above members.

Mr. Vince Warden

Finance And Audit Committee

In 1998, the CSSB established a Committee containing a minimum of three Board members including an appointed chairperson, an employee representative and employer representative. Their mandate includes, but is not limited to, ensuring that

• The audited financial statements of the Board present fairly the financial position and results of operations of the Fund
• There is a good relationship between the Board, Management, and the Auditor
• The financial statements are completed and tabled (or released) within six months after year-end requirement
• Accounting policies are followed and any changes to these policies are approved by the Committee; and
• The Committee resolves any financial statement related issues and any other matters presented by the Auditor, Management and/or staff.

The Committee meets on an ad hoc basis as required to address any issues in accordance with their objectives. At a minimum, the Committee meets to review and approve the annual audited financial statements of the Fund prior to Board approval.

Employer Representative - Mr. Gabriel Forest
Employee Representative - Ms Monica Girouard
Employer Representative - Ms Carmele Peter

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