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2021 Highlights and 2021 Annual Report of the CBC Pension Plan
Dear CBC Pension Plan Member, The CBC Pension Board of Trustees has released the 2021 Highlights and the 2021 Annual Report of the CBC Pension Plan (the Plan). The Highlights provide a brief overview of the Plan’s Financial and Membership statistics for the 2021 fiscal year. The Annual Report provides members with a full review of the […]
read moreMemorandum of Agreement Update
Dear Members, In recent weeks, you have voiced your frustration and anger about the dispute between the PNA & Unions and the CBC over the MOA, the agreement which set out the terms for the sharing of future pension surpluses. CBC’s position is that the MOA is no longer in force and as such, contends […]
read moreThe situation regarding the Pension Plan Surplus
What’s new? The CBC Pensioners National Association (PNA) and its union partners have asked an arbitrator to take steps to protect our share of the current pension plan surplus. We have asked the arbitrator Dennis O’Connor to instruct the CBC to set aside an amount of money equal to pensioners’ and employees’ pension surplus entitlement. […]
read moreTHE DISTRIBUTION OF THE PENSION PLAN SURPLUS
Notwithstanding a very positive valuation that shows a pension plan surplus of more than $700 million, CBC officials have advised the Pensioners National Association (PNA) and the unions that as Sponsor of the plan, the Corporation refuses to distribute any portion of the surplus to employees and pensioners. The CBC also confirmed that it will […]
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