Rosemarie McClean, the Pension Fund’s Chief Executive of Pension
Administration (CEPA) started her new job on 2 January. But she is not yet physically in New York. Reports are that she will continue to
telecommute from Toronto until the end of the month, while she recovers from
injuries she sustained when she was hit by a car last December.
The longer it takes for McClean to get to New York the more
time for the Fund’s old guard – in the Fund Secretariat, on the Pension Board,
and in FAFICS (the retiree representative organization) -- to double down on
resisting the Assembly's attempts at governance reform. As they unilaterally revise the Fund's regulations and change its rules of procedure to clamp down on dissent, while perhaps hoping as well to pre-empt reforms, one wonders what chance the new CEPA has of helping to bring about meaningful change.
Unilaterally changing the Fund’s regulations
Last week, elements among the old guard unilaterally revised the Fund’s Regulations. They cannot do that without the Assembly’s approval. But they did it anyway, and posted them on the Fund website.
Of course, they are trying to hide behind the Assembly’s
decision to amend the regulations to reflect the new title of Chief of
Pension Administration (paragraph 7 of Assembly resolution A/RES/74/263).
