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Public Accounts committee We're looking to get something in line probably in the year 2015-16.
June 4th, 2014Committee meeting
Kim Gowing
Public Accounts committee With respect to the service buybacks, yes, we're aware that we need to bring how we do the methodology in line with the RCMP and the Canadian Forces. However, we wish to look at it from a holistic approach, that all the plans are aligned that way, and we're going to get that work
June 4th, 2014Committee meeting
Kim Gowing
Government Operations committee I'm sorry. Which report?
June 18th, 2013Committee meeting
Kim Gowing
Government Operations committee I believe you're referring to the 2011 report on the—
June 18th, 2013Committee meeting
Kim Gowing
Government Operations committee Within that report, it was found that the overall governance in and of itself was well managed; however, there needed to be more of the defined roles and responsibilities within Treasury Board. We've currently struck an ADM governance committee to review the governance to enhance
June 18th, 2013Committee meeting
Kim Gowing
Government Operations committee We're continuing to work at improving the control frameworks. We're currently doing a lot of process mapping and following the recommendations of the audit.
June 18th, 2013Committee meeting
Kim Gowing
Government Operations committee I think it would also be important to note that the new individuals coming in after 2013 are paying a different rate, to take into account a lower rate for their pension plan because they are going to age 65.
June 18th, 2013Committee meeting
Kim Gowing
Government Operations committee No, there wasn't really any concern. One of the things that we have noted over the years is that a person coming into the public service is older now, so to give them the opportunity to build up a longer service with us and reach the 30 years, age 65 is the consideration.
June 18th, 2013Committee meeting
Kim Gowing
Government Operations committee I'll start first. I'm not so sure that we're not mixing up two particular boards. There's the Public Service Pension Advisory Board, which is made up of employer and employee representatives and reports to the president. And there is PSPIB, which has a specific board appointed
June 18th, 2013Committee meeting
Kim Gowing
Government Operations committee Yes, they'd be specific to the investments.
June 18th, 2013Committee meeting
Kim Gowing
Government Operations committee In the area that I'm with at Treasury Board, we do not.
June 18th, 2013Committee meeting
Kim Gowing
Government Operations committee When the three-year period is up, at that point in time, Mr. Ménard will have another actuarial valuation that will allow us to assess if we're on target for the 50-50 in 2017 and adjust our rates accordingly for 2016 and 2017.
June 18th, 2013Committee meeting
Kim Gowing
June 18th, 2013Committee meeting
Kim Gowing
Government Operations committee We would have to get back to you with an answer on the crowns. We're here for the public service pension plan.
June 18th, 2013Committee meeting
Kim Gowing
June 18th, 2013Committee meeting
Kim Gowing