Pension Investment Committee

The Pension Investment Committee (PIC) is a subcommittee of the Pension & Benefits Committee that is mandated to oversee the investment of the assets of the University of Waterloo Pension Plan (Pension Plan). The Committee:

  • Makes recommendations to the Pension & Benefits Committee with respect to the selection and termination of investment managers for the Pension Plan;
  • Monitors performance of external fund managers;
  • Regularly reviews the Plan’s assets for compliance with the Board-approved Responsible Investment Policy on behalf of the Pension & Benefits Committee;
  • Reviews the investment returns of the Pension Plan assets, with respect to acceptable risk tolerances; and
  • Approves asset mix changes and investment decisions in compliance with the Statement of Investment Policy and Procedures (SIPP) and Fund Implementation Procedures (FIP) with respect to transactions representing less than 20% of the Plan’s total assets. 
  • The Chair of the Pension Investment Committee is Aubrey Basdeo.
  • The Secretary to the Committee is Melanie Figueiredo.

Pension Investment Committee - Membership

Last Updated: May 3, 2024

Constituency Name
University Administration Jacinda Reitsma
James Rush
Community-at-large Brian Lipskie
Aubrey Basdeo [Chair]
Teresa Fortney
Staff Lily Hua
Vacancy
Faculty Vacancy
Vacancy
Non-Board or Non-Voting Julie Cays
Steve Elgee

Pension Investment Committee - Meeting Dates

2024-2025 Meeting Dates

Date Time Place
June 5, 2024 1:30 p.m. - 3:30 p.m. Needles Hall 3308 / Virtual option
September 12, 2024 1:30 p.m. - 3:30 p.m. Needles Hall 3308 / Virtual option
November 6, 2024 1:30 p.m. - 3:30 p.m. Needles Hall 3308 / Virtual option
March 4, 2025 1:30 p.m. - 3:30 p.m. Needles Hall 3308 / Virtual option