On November 15, the GSU Defense Fund Board of Directors convened in Regina for their quarterly meeting. The agenda included a review of the fund’s portfolio, recent transactions, and other essential matters related to managing the Defense Fund.

The meeting included a presentation by Derrick Eg of RBC Wealth Management, GSU’s investment partner for over 20 years. RBC’s expertise has played a key role in ensuring the Defense Fund’s growth and stability.

In addition to investment reviews, the Board focused on updating the policies and procedures governing the Defense Fund. “The Board recognizes that the Defense Fund was created over 20 years ago, and it’s important to review how it functions today to ensure it remains healthy for years to come,” said GSU General Secretary Steve Torgerson.

With the current Board’s term concluding early next year, elections for a new five-member Board will take place at the GSU Convention in March. This meeting marked the final gathering of the current Board, capping off two years of dedication to safeguarding and strengthening the Defense Fund for GSU members.

If you’re interested in becoming a Defense Fund Director or learning more about the role, contact Steve Torgerson for details.

Photo (L-r) GSU general secretary Steve Torgerson, Lynn S. (Local 15 – Nutrien), Doug K. (Local 8 – AEA/GSU), Wilfred H. (Local 1 – Viterra), Derrick Eg of RBC Wealth Management. Absent with regrets: Craig R. (Local 14 – Richardson).

The GSU Defense Fund is required to maintain a minimum operating balance of $2.5 million. As of Oct. 31, 2024, the GSU Defense Fund had an approximate market value of $6 million.