Thank you.
The very pensioners that this fund is supposed to protect are asking for oversight, so I'm happy to hear this from witness Hogan. I'll be looking forward to that.
This comes from The Hill Times. The headline reads:
Union urges public sector pension fund not to pursue rent increases, mass evictions at Toronto apartment buildings
It goes on:
A union representing federal public servants says the pension fund that manages its members' retirement savings has joined with one of Canada's largest real estate firms to evict tenants who are resisting proposed rent increases at three rental...buildings in Toronto.
Union representatives and tenant organizers have criticized the Public Sector Pension Investment Board (PSPIB) and its operational arm...for its role in the joint venture with Starlight Investments, a global asset management company that is one of the largest privately held real estate firms in Canada.
I want to share this, witness Hogan, and I want to ask this question. I've tried to reach out to the newly appointed board chair. I have been refused a number of times any access to the PSP Investment Board chair. They've pushed me off to some other operational pieces. Obviously, there is no accountability for Canadians.
I just want to understand why a parliamentarian is not allowed access to the board of this Crown corporation, when this is exactly who they report to. They report to parliamentarians.