Teachers' Pension Plan Corp. NL

Plan Governance

Our vision is to be an outstanding pension plan administrator and institutional investor, and our mission is to provide retirement security and outstanding service for our members – today and well into the future.

Since our inception on August 31, 2016, plan oversight has been in the hands of our independent, expert Board members. In accordance with the JSA, the Plan sponsors each appointed four individuals to our Board of Directors.

As the Plan Administrator and Trustee, we measure ourselves against best practices for governance, risk management, internal controls, stewardship and reporting.

As such, a robust governance structure has been established by our Board of Directors, including three standing committees, each responsible for providing expert advice to the Board. Such advice enables the Board to fulfil our corporate goals, objectives, and responsibilities.

The TPPC's Board Of Directors

The TPPC Board of Directors, a governing body that is separate from the Sponsor Body, was established as Trustee for the Teachers’ Pension Fund. It is their role to oversee the management of the pension plan and prudent investment of pension funds, and the direction of the TPPC.

There are eight Board members, each having fiduciary responsibilities. They were selected based on the required specialized skills outlined in the JSA.

The Directors have experience in governance, investments, finance, human resources, pensions, customer service and related administration, risk management, stakeholder involvement and regulatory matters. Their responsibilities include, but are not limited to, acting independently of the Plan sponsors and making decisions in the best interest of all Plan beneficiaries.

The Board engaged Chair Paula McDonald as Chief Executive Officer from January 1, 2017 to August 31, 2019 to develop and implement the corporate strategy, transition services from the Province, recruit and develop a team, and develop a proactive organization.

Chief Investment Officer Lynn Healey, CPA, CA, and Chief Financial Officer Levi May, CPA, CA, were recruited and both joined the TPPC on September 5, 2017. They bring extensive corporate experience and financial expertise to the TPPC.