COMMITTEE REPORTS
RTAM Meets with TRAF
John Sushelnitsky, Political Advocacy Chair
Bryton Moen, Peggy Prendergast, Alison Logan , Pat Bowslaugh, John Sushelnitsky
O
n October 21st, there was a cordial meeting of
RTAM representatives with the TRAF Board at
the TRAF Office at The Forks. The purpose of
the meeting was twofold. First, to receive a cheque
for $500.00, which helps defray RTAM expenses.
Second, to pose some questions to TRAF for a better
understanding of its operations, on our behalf.
The first item had to do with the future of defined
benefit pension plans, to which the TRAF board
chairman, Bryton Moen, and TRAF CEO, Jeff Norton,
replied that they had no direct information. We
shared with them the concern that the federal
government might try to achieve, by regulation,
changes that they were not able to pass in
legislation. A second query had to do with a recent
survey that TRAF has conducted and it was learned
that this is a process that takes place every four
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RTAM KIT Winter 2019
years. As far as the future growth of TRAF staff, it
was explained that there were efficiencies gained
by having an in-house accountant and lawyer to
process issues which often arise. In addition, the
role of CEO and Chief Investment Officer has been
divided, where previously Mr. Norton had assumed
both roles. The Investment strategies are managed
by 30 managers.
The fourth item had to do with the newsletter,
Horizon. The newsletter is part of the ongoing
evaluation of how well TRAF is communicating
with their 38,000 member clients. The final item
was the ongoing RTAM preparation towards having
an RTAM member as part of the TRAF Board.
Representing RTAM: Peggy Prendergast,
President; Pat Bowslaugh, Treasurer; Alison Logan,
Pension Chair; and John Sushelnitsky, Secretary.