Pension Plan

The Canadian Broadcasting Corporation Pension Plan (the Plan) was established by the Canadian Broadcasting Corporation (CBC) effective September 1, 1961, pursuant to the Broadcasting Act. The Plan is primarily a contributory defined benefit pension plan covering substantially all employees of the Corporation.

The Plan also incorporates an additional contributory component at no cost to the Plan which provides employees the flexibility to improve the provisions determining the calculation of their benefit through tax-deductible contributions. The Plan is federally regulated and is governed by the provisions of the Pension Benefits Standards Act (the "Act"), and the Regulations thereof.

The assets of the Plan are administered by the CBC Pension Board of Trustees by virtue of the Trust Deed between the CBC and the Trustees.

The primary purpose of the Plan is to provide defined benefits for its members in accordance with the Trust Deed and other documents from time to time describing the Plan.

The CBC Pension Board of Trustees, directly or through agents retained by it, is responsible for investing the Fund and in doing so, identifies and pursues investment opportunities in accordance with the Act, the regulations and the Fund's Statement of Investment Policy and Procedures.

The Pension Board of Trustees

The Pension Board of Trustees, in accordance with the Trust Deed, is comprised of seven individuals:

1. Timothy W. Casgrain  - Chair of the Board of Trustees and Director of CBC/Radio-Canada
2. Jon Soper - Member of Consultative Committee on Staff Benefits (CCSB/English Unions)
3. Paul Gaffney - Representing CBC Pensioners' Association
4. Claude Godin - Member of Consultative Committee on Staff Benefits (CCSB/French Unions)
5. Suzanne Morris  - Vice-President and Chief Financial Officer, CBC/Radio-Canada
6. Katya Laviolette  - Vice-President, People and Culture, CBC/Radio-Canada
7. Brian R. Mitchell - Director of CBC/Radio-Canada