165. The committee is responsible for(1) giving its prior approval for the exercise of the powers listed in the second paragraph of section 137 and reexamining the decisions made by the Commission in respect of the employees and beneficiaries of the Government and Public Employees Retirement Plan, the Teachers Pension Plan, the Civil Service Superannuation Plan, the plans established by sections 9, 10 and 10.0.1 of this Act and the Pension Plan for Certain Teachers;
(1.1) determining the terms and conditions of implementation of the agreements entered into by the parties negotiating the conditions of employment of the employees referred to in paragraph 1 where the agreements do not provide therefor, to the extent that the costs of those terms and conditions are consistent with the budget of the Commission;
(2) approving the budget of the Commission pertaining to the administration of the Government and Public Employees Retirement Plan in respect of employees who may be unionized;
(2.1) establishing, jointly with the Caisse de dépôt et placement du Québec, an investment policy in respect of funds derived from contributions paid by those of such employees to whom that plan applies;
(3) receiving, for examination and report to the Commission, the draft financial statements of the plans contemplated in paragraph 1;
(4) receiving actuarial valuation reports of the plans contemplated in paragraph 1;
(4.1) approving the plan of action of the Commission for the Government and Public Employees Retirement Plan in respect of employees who may be unionized;
(4.2) determining the services that the Commission may provide under that plan in respect of such employees to the extent that the administrative expenses of the plan in their respect are not affected;
(4.3) requiring from the Commission studies concerning the administration of that plan in respect of such employees and the administration of the other pension plans referred to in paragraph 1;
(5) advising the Minister and the Commission and making recommendations concerning the administration of the plans referred to in paragraph 1;
(6) making recommendations to the parties negotiating the conditions of employment of the employees who are members of the pension plans mentioned in paragraph 1 respecting the application of those pension plans.