Chee was previously head of fixed-income strategies.

The philanthropic organization announced the strategy is unprecedented in the foundation’s 110-year history.

The plan was projected to become insolvent next year, when it would have had to cut benefits nearly in half.

Provincial leaders want more independence from the federal government and commissioned a report to study potential financial terms of a separate fund.

The $31 billion pension fund has also issued an RFP for a custodial services provider.