Governance documents

Canada Post Corporation Registered Pension Plan - Defined Benefit (DB) and Defined Contribution (DC) components - Plan terms

The Canada Post Corporation Registered Pension Plan (the Plan) was adopted by Canada Post Corporation effective October 1, 2000. Prior to that date, Canada Post Corporation was subject to the Public Service Superannuation Act (PSSA). The Plan was created as a result of an amendment to the PSSA (Bill C-78) and the subsequent transfer of funds from the PSSA. Canada Post Corporation provides pension benefits to eligible employees of the Corporation. The Plan is a registered pension plan under the Income Tax Act (Canada) and the Pension Benefit Standards Act, 1985.


Canada Post Pension Plan Ethical Practices

Canada Post administers its own pension plan and pension fund for its employees and fulfills these important responsibilities while respecting best governance principles and ethical practices. The Canada Post Pension Plan Ethical Practices set out what is expected of all Canada Post employees who are part of the team that administers, invests for or supports the Canada Post Pension Plan (the Plan).

Contained in the Ethical Practices are:

  • the Code of Conduct Practice, which addresses conflict of interest and anti-fraud situations of particular relevance to the Plan, and
  • the Personal and Insider Trading Practice, which ensures that investment activities are carried out with the highest level of integrity.

Proxy voting guidelines - Defined Benefit (DB) component

As a fiduciary, Canada Post is obliged to exercise its voting rights in the best interests of the Plan, its members and the sponsor. This document, approved by the Pension Committee of the Board of Directors of Canada Post, sets out our proxy voting guidelines and provides guidance to a third-party entity on how votes should be cast on issues such as the independence of boards of directors, use of stock options, executive compensation, and shareholder rights.


Statement of Investment Policies and Procedures (SIPP) - Defined Benefit (DB) component

The Statement of Investment Policies and Procedures (SIPP) - Defined Benefit (DB) component - is the governing document, as established by the Pension Committee, for investing the assets of the Canada Post Corporation Registered Pension Plan (the Plan). The SIPP - DB details fund governance, Plan characteristics, liabilities, investment objectives, asset mix policy, permitted investments and constraints, as well as other requirements in the investment and administration of the Plan's assets. The SIPP - DB is reviewed and updated once a year, and approved by the Pension Committee of the Canada Post Corporation Board of Directors. As per pension regulations, the Plan's actuary and the members of the Pension Advisory Council receive a copy of the updated SIPP - DB after its approval.


Statement of Investment Policies and Procedures (SIPP) - Capital Accumulation Plans (CAP)

The Statement of Investment Policies and Procedures (SIPP) - Capital Accumulation Plans (CAP) - is the governing document, as established by the Pension Committee, for the investment structure of the Capital Accumulation Plans (CAP) offered by Canada Post. The CAP includes the Defined Contribution (DC) component of the Canada Post Corporation Registered Pension Plan (the Plan) and the Voluntary Savings Plan (VSP). The SIPP - CAP details fund governance, investment structure and beliefs, as well as other requirements in the investment and administration of the CAP assets. The SIPP - CAP is reviewed and updated once a year, and approved by the Pension Committee of the Canada Post Corporation Board of Directors. The Plan's actuary and the members of the Pension Advisory Council receive a copy of the updated SIPP - CAP after its approval.




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