How the NSAHO Pension Plan is governed

The NSAHO Pension Plan is administered by a Board of Trustees using a “best practice” governance model. This governance model ensures the Plan achieves appropriate results and avoids unacceptable actions.

The Board consists of 20 Trustees representing participating employers, unions, retired members and former members. It also includes two Trustees who, because of their training and experience, are experts in pension plan matters. These two trustees operate at arms-length from the Health Association Nova Scotia and its members.

The Board of Trustees is responsible for the overall operation of the Plan. (The Health Association Nova Scotia Board of Directors retains responsibility for appointing Trustees and auditors, and giving final approval to benefit and contribution rate changes.)

The role of the Board of Trustees, as outlined in the Trust Agreement, is to:

• represent the interests of all Plan members and pensioners (including beneficiaries);
• provide the best possible benefits with the funds available; and
• work with independent experts to seek the best possible investment results within acceptable risk levels.

The day-to-day operation of the Plan is the responsibility of the CEO who reports directly to the Board of Trustees.

The Plan is administered in compliance with Plan documents, Canada’s Income Tax Act, and the Nova Scotia Pension Benefits Act.

Back To Top