The UNBC pension plan is a defined contribution plan, which is a
form of Capital Accumulation Plan (CAP). These guidelines clarify the
rights and responsibilities of both CAP sponsors (UNBC) and CAP members
(employees who are plan members) and ensure CAP members are provided
the information and assistance they need to make investment decisions.
UNBC responsibilities
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setting up the Plan. |
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providing investment information and decision-making tools to CAP members. |
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introducing the Plan to members. |
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providing ongoing communication to members. |
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maintaining the Plan. |
CAP member responsibilities:
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making investment decisions within the Plan. |
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using the information and decision-making tools made available to assist them in making those decisions.
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These guidelines were finalized by the Joint Forum of Financial
Market Regulators (comprised of the Canadian Securities Administrators,
Canadian Association of Pension Supervisory Authorities, Canadian
Council of Insurance Regulators, and Canadian Insurance Services
Regulatory Organization).
