he purpose of this report is to respond to the SSIC request for the AMIR Program to
conduct an assessment of the SSIU’s: performance, its compliance with the
Investment Policy Statement (IPS), and its compliance with internal controls. In
addressing these important issues, this report recommends certain changes to the
SSIC’s decision-making process that would result in more of a disciplined, teamoriented
investment approach for the combined efforts of the SSIC and SSIU.
Specifically, the report addresses the manner in which the SSIC supervises the SSIU
and the how the SSIU operates. The underlying principle driving these
recommendations is that of serving the best interests of plan beneficiaries.