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Responsibilities | Pension Plans
Information for Pension Plan Members
Pension Advisory Committee
Employees in most pension plans that have 49 or more members can require, by majority vote, that the employer form a pension advisory committee. The majority of active plan members must vote to establish a committee, and a representative of these members must apply to the employer in writing to request that a committee be formed.
The primary role of a pension advisory committee is to promote understanding and awareness of the plan among its members. The committee may review and provide advice on the financial, actuarial and administrative operation of the plan to see that it satisfies both employee and employer objectives. Other matters relating to the plan may also be referred to the committee by the employer or the administrator of the plan.
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