June 21-22, 2010

The primary focus of this two-day session was to deliberate and make final decisions on the outstanding specified plan change proposals. Advice and consultation throughout the process was available, with assistance from the OAC Pension Group and from SC legal and actuarial advisors. In the end, the SC approved one, comprehensive proposal, which outlined a multi-dimensional, three year approach incorporating temporary changes to both contribution rates and to certain benefits, and to file the 2009 Valuation with the regulators. (A brief synopsis was posted shortly after the sessions on this website under "Plan Design", with additional details added on July 15th.)