What are the roles and responsibilities of the two sponsoring parties, The Association of University of New Brunswick Teachers (AUNBT) and the University of New Brunswick (UNB)?
A The co-sponsors of the pension plan are AUNBT and UNB. They share the decision-making responsibility equally for the structure, benefits, and funding of the Pension Plan. They negotiated the original Pension Plan agreement, and the Trust Agreement establishing a Board of Trustees for the Plan. They have the responsibility to approve any changes to these documents, approve any changes to pension plan benefits or contributions, and appoint five members (including an alternate member) each to the Board of Trustees.
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