User:Smischuk/Pension governance

Pension Governance starts with a process of defined expectations within a framework of process, evaluation, and performance monitoring. The purpose of retirement program governance is to employ best practices and forward thinking to meet the fiduciary expectations of all plan stakeholders (plan members, corporation, and shareholders) and to continuously review current practices to continuously evolve a better program.

Pension Governance is the control of or authority over the arrangement to provide people with an income when they are no longer earning regular income from employment (ie. due to retirement).

Success without governance is often called “chance” and unquestionably, “chance” is not a successful business model element.

It is important to find a company who will provide a structured and customized ongoing governance support structure so your organization and your employees can get the most out of your retirement income program – better understanding, better value, and better results. Plan review and redesign is essential to evolve an improved program. Many factors warrant pension plan review. A current example is the recent economic upset and market volatility.