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Update on the Pension Plan surplus & PAC Information – June 26, 2024
What comes next In the coming weeks, a personalized surplus package will be posted on the Pension Administration Centre (PAC) website for retirees and survivors eligible for a surplus payment. This package will contain: Individualized information on the amount to be received and how this amount was determined. A Q&A document with more information about […]
read moreOSFI APPROVES PAYOUT OF $129 MILLION IN PENSION SURPLUS – June 19, 2024
The Office of the Superintendent of Financial Institutions (OSFI) has approved the payout of pension surplus to eligible members. This includes pensioners, surviving spouses, deferred pensioners and employees. Approximately $129 million, representing the surplus payout for 2021 and 2022, will be distributed to approximately 20,000 eligible members. Individual amounts will be based on a percentage […]
read moreUpdate on the Pension Surplus – Marco Dubé – May 23, 2024
Here is an updated from Marco Dubé, Chief Transformation Officer & Executive VP, People and Culture on the pension surplus. Further to our last update on this topic, we continue to wait on approval from the Office of the Superintendent of Financial Institutions (OSFI) for the distribution of the 2021 and 2022 surplus. Last month, we contacted the […]
read moreSurplus Sharing Update – April 18, 2024
Another surplus While we wait for OSFI, the federal pension plan regulator, to finally approve a payout of nearly $130-million dollars of surplus money to plan contributors we continue to receive positive news on the financial status of our plan. The latest report from the CBC Pension Board of Trustees shows that once again the […]
read moreElection of national officers: the candidates
As the nomination period of our election process has come to a close, we can confirm the following candidates: The candidates: President: Dan Oldfield Vice-President, anglophone: Gail Carducci Vice-President, francophone: Pierre-Léon Lafrance Treasurer: Réjean Labrie The members of the new Executive Committee will be confirmed at the AGM on May 15, 2024. On behalf of […]
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