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Board of Trustees

OPTrust was established to give plan members and the Government of Ontario an equal voice in the administration of the OPSEU Pension Plan (the Plan) and the management of the assets through joint trusteeship. As sponsors, the Government of Ontario and the Ontario Public Service Employees Union (OPSEU) each appoint five Trustees to OPTrust’s 10-member Board. One Government of Ontario appointee and one OPSEU appointee fill the positions of Chair and Vice-Chair, with the roles alternating between Government of Ontario and OPSEU appointees every two years.

Overview

As the legal plan administrator, the Board has overall responsibility for the administration of the Plan and the management of the assets. The Plan’s governing documents define the roles and responsibilities of the Board of Trustees. It also provides the Board with the authority required to ensure OPTrust can deliver retirement security to its almost 92,000 members, pensioners and their dependants.

In accordance with the Plan’s governing documents, established trust principles and the governance practices of jointly sponsored pension plans, the Board has delegated responsibility for managing the affairs of OPTrust to the President and CEO, subject to certain matters for which the Board has retained responsibility. The effect of the Board’s delegation is to vest strategic and monitoring responsibilities in the Board of Trustees and management responsibilities in the CEO.

The Board retains its own advisors to assist it in carrying out its oversight and monitoring responsibilities and is supported by the Office of the Corporate Secretary.

 

Board Members
Tim Hannah
Tim Hannah

Chair
Tim Hannah was named Chair of OPTrust’s Board of Trustees, effective November 3, 2018. Mr. Hannah was first appointed to the Board in 2012 by OPSEU and most recently served as Vice-Chair.
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Sharon C. Pel
Sharon C. Pel

Vice-Chair
Sharon Pel was named Vice-Chair of OPTrust’s Board of Trustees, effective November 3, 2018. Ms. Pel was appointed to the Board by the Government of Ontario in February 2017.
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Lindsey Burzese
Lindsey Burzese

OPSEU named Lindsey Burzese to the Board of Trustees in January 2018. Ms. Burzese is currently a Surface Water Specialist in Hamilton with the Ontario Ministry of the Environment, Conservation and Parks.
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Jason Glover
Jason Glover

OPSEU named Jason Glover to the Board of Trustees in January 2018. Mr. Glover has been a union steward for OPSEU Local 551 since 2009 and is a Probation and Parole Officer with the Ministry of Community Safety and Correctional Services.
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Michael Grimaldi
Michael Grimaldi

OPSEU appointed Michael Grimaldi to the OPTrust Board of Trustees in September 2012. He most recently served as Chair of the Board of Trustees, after serving as Vice Chair since 2013. Grimaldi brings 30 years' experience working in the Ontario Public Service (OPS) and at OPSEU.
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Vicki Ringelberg
Vicki Ringelberg

Vicki Ringelberg joined the Board in 2011 as a Government appointee. Most recently Ms. Ringelberg served as Chair from 2016 to 2018, following a two-year term as Vice-Chair.
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Randy Marie Sloat
Randy Marie Sloat

OPSEU named Randy Marie Sloat to the Board of Trustees in January 2012. A union activist, she is the President of OPSEU Local 201 in Hamilton and also serves on several Local Executive Committees.
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Louise Tardif
Louise Tardif

Louise Tardif was appointed to the OPTrust Board of Trustees by the Government of Ontario in February 2014. She brings a wealth of experience in the financial sector as well as on non-profit boards of directors.
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Don Wilkinson
Don Wilkinson

The Government of Ontario appointed Don Wilkinson to OPTrust’s Board of Trustees in July 2017. Mr. Wilkinson brings over 30 years of public accounting experience providing assurance and advisory services to Canada’s largest pension funds, institutional investors, telecommunications, and real estate companies.
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Standing Committees of the Board

The Board has established four standing committees:

  • The Governance and Administration Committee monitors and makes recommendations on board governance, administrative policies and the preparation of actuarial valuations. The committee also monitors the legislative and regulatory environment, regulatory compliance, considers recommendations for plan changes and monitors the Trust’s advocacy program.
  • The Audit, Finance and Risk Committee monitors expenditure management, financial reporting, tax compliance, audits, internal controls, corporate insurance, information technology and enterprise risk management.
  • The Investment Committee monitors the investment performance of OPTrust and its investment professionals and external managers, and reviews their compliance with OPTrust’s investment policies and related legal and regulatory requirements. It also reviews changes to OPTrust’s investment and risk policies.
  • The Human Resources and Compensation Committee monitors OPTrust’s top-level organizational structure and any board-approved human resources or compensation policies. It reviews the CEO’s performance and recommends to the Board the CEO’s total compensation. The committee also monitors OPTrust’s compensation principles and framework, aggregate annual compensation for the CEO’s direct reports, annual total compensation for all other management and the succession planning for the CEO and the CEO’s direct reports.

The Board has also established an Adjudication Panel, which gives plan members and pensioners access to a review process in the event of disputes concerning OPTrust’s decisions on eligibility, benefit entitlements or other pension-related rights under the Plan.