MEMORANDA OF AGREEMENT - Letter of Agreement (not part of Collective Agreement)

A Joint Committee shall be struck by September 1, 2015 to explore the possibilities of full cost-sharing and joint governance of the pension plan recognizing that Provincial directives on University pension plans will have to be taken into consideration.    The Joint Committee shall be composed of eight (8) members, four (4) to be appointed by the Faculty Association and four (4) to be appointed by the President of the University, with co-chairs appointed by each of the parties.  The University will provide at its cost a pension consultant and training for members of the Joint Committee.   The Joint Committee will conclude and submit its report in writing to the President of the University and the Executive Committee of the Faculty Association by June 30, 2017.