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Bill C-78

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TABLE OF PROVISIONS

AN ACT TO ESTABLISH THE PUBLIC SECTOR PENSION INVESTMENT BOARD, TO AMEND THE PUBLIC SERVICE SUPERANNUATION ACT, THE CANADIAN FORCES SUPERANNUATION ACT, THE ROYAL CANADIAN MOUNTED POLICE SUPERANNUATION ACT, THE DEFENCE SERVICES PENSION CONTINUATION ACT, THE ROYAL CANADIAN MOUNTED POLICE PENSION CONTINUATION ACT, THE MEMBERS OF PARLIAMENT RETIRING ALLOWANCES ACT AND THE CANADA POST CORPORATION ACT AND TO MAKE A CONSEQUENTIAL AMENDMENT TO ANOTHER ACT

SHORT TITLE

1. Short title

INTERPRETATION

2. Definitions

CONSTITUTION OF THE BOARD

3. Board established

OBJECTS AND POWERS

4. Objects

5. Powers of Board

MANAGEMENT

Board of Directors
6. Board of directors

7. Principal duties

8. Power to delegate

Directors
9. Appointment of directors

10. Nominating committee

11. Reappointment of directors

12. Remuneration of directors

13. Resignation

Chairperson
14. Chairperson

Officers
15. Appointment of officers

Standard
16. Obligation

17. Duty to comply

18. Directors' and officers' insurance

Decisions of Board of Directors
19. Decisions

Conflicts of Interest
20. Disclosure of director's interest

General
21. No constructive notice

22. Validity of acts

23. Assertions

BY-LAWS

24. By-laws

25. Copy to Minister

26. Statutory Instruments Act does not apply

COMMITTEES

Establishment
27. Audit and investment committees

Audit Committee
28. Duties of audit committee

29. Audit committee may request consideration of matters

30. Auditor's right to attend meetings

Investment Committee
31. Duties of investment committee

INVESTMENTS

32. Investment policies, standards and procedures

33. Duty of investment managers

FINANCIAL MANAGEMENT

Financial Year
34. Financial year

Financial Statements
35. Books and systems

Auditor's Report
36. Annual auditor's report

37. Notice of errors and omissions

Auditor
38. Appointment of auditor

39. Definition of ``firm of accountants''

Right to Information
40. Right to information

41. Duty to provide information

Qualified Privilege
42. Qualified privilege

Special Audit
43. Special audit

Special Examination
44. Special examination

45. Report

46. Who conducts examination

REPORTING

Quarterly Statements
47. Statements to go to ministers

Annual Report
48. Annual report required

MEETINGS

49. Meetings

REGULATIONS

50. Regulations

OFFENCE

51. False statements

WINDING-UP

52. Insolvency and winding-up

AMENDMENTS TO THE PUBLIC SERVICE SUPERANNUATION ACT

53-114. Public Service Superannuation Act

AMENDMENTS TO THE CANADIAN FORCES SUPERANNUATION ACT

115-168. Canadian Forces Superannuation Act

AMENDMENTS TO THE ROYAL CANADIAN MOUNTED POLICE SUPERANNUATION ACT

169-206. Royal Canadian Mounted Police Superannuation Act

AMENDMENTS TO OTHER ACTS

207-215. Defence Services Pension Continuation Act

216-223. Royal Canadian Mounted Police Pension Continuation Act

224-226. Members of Parliament Retiring Allowances Act

227. Canada Post Corporation Act

CONSEQUENTIAL AMENDMENT

228. Payment Clearing and Settlement Act

TRANSITIONAL PROVISIONS

229. Transitional provisions

COMING INTO FORCE

230-231. Coming into force