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Message from the Chair
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Message from the Chair
To the members and beneficiaries of the
Nova Scotia Public Service Long Term Disability Plan Trust Fund
We know that members want to be a part of a group that they can trust to secure their premiums and to support them in their time of need. Days like these require greater accountability and hard work on the part of the Board of Trustees.
To meet our responsibility to you our members, we have put together an Audit Committee. This committee is charged with the oversight of financial reporting and disclosure. Members are entitled to excellence in governance and you will find that your Board continues its commitment to high governance standards.
In 2008, each Trustee and the Chair evaluated the Board meetings held throughout the year. While I am delighted to report that the Board meetings were productive, there are still opportunities for improvement.
The Board spent considerable time reviewing and analyzing the design of the LTD Plan to ensure its value to members. This is not an abstraction; we are aware every day at all times that we are making real-life decisions that affect the ongoing health and wellness of our members. Our paramount goal is to make responsible, comprehensive decisions of the type our members would make themselves to best guide their own futures.
The annual report shows the LTD Plan has once again, fulfilled its commitment to provide you with income protection and related services in a financially responsible manner.
For the 2008 accomplishments of the LTD Plan, I owe thanks to my colleagues on the Board for their wisdom and commitment. You will notice in the report that a number of Trustees have been reappointed to serve you.
My thanks also go to management for their skill and hard work.
The Plan is guided by equal representation from the Province and the Union. Employers and employees make equal contributions to the fund.
We at the Nova Scotia Public Service Long Term Disability Plan Trust Fund will continue to work hard for you, especially during these uncertain times. To ensure that you have the income continuation security and support when needed, we will maintain our commitment to the highest governance standards; and we will use our management expertise to be responsive to your needs, and ensure financial sustainability.
I trust you will find long term confidence and value in your LTD Plan.
Sincerely,
George L. Fox
Chair of the Board of Trustees