Know your meaning.
The Control Committee sees to to supervise the pension plan, its operation and its execution.
Between its powers emphasise the monitoring and vigilance of the fulfillment of the pension plan and its standards' modification of operation; the selection of the actuary that must certify the situation and evolution of the plan; or the decision on the change of the account of plan position of a fund to another, of managing entity or company depository.
Additionally decides its representatives' appointment in the Fund Management Committee of pensions, and when the fund integrates a single plan, the fee of the pension plan acts as a fee of the fund. In addition, represents judicial and extrajudicially the interest of shareholders and payees.
The Control Committee of the pension plans has different particularities according to the type of the plan. In those of employment is formed by representatives of the developer, of the shareholders and of the payees, whereas in the related plans its members' majority must be related or members of shareholders the promoting entity.
However, Control Committee is not constituted in the individual plans, since he is the developer the one responsible for to act its functions and to assume its responsibilities. Account, of course, with the figure of the Shareholder's Defender and of the payees, that it sees to to arbitrate claims against the promoting entities, managers or depositories.