SURPLUS SHARING – WHAT HAPPENS NOW?
Now that pensioners and employees have confirmed their support for payout from the pension plan surplus the process will take the next crucial step toward distribution. Early next month the CBC will write to the Office of the Superintendent of Financial Institutions (the regulator) to ask for the release of approximately $130-million dollars from the […]read more
SURPLUS SHARING UPDATE – WE MADE IT!!
The consent forms have been counted and we are pleased to report that more than two-thirds of all CBC pensioners have given their approval for the sharing of pension surplus. While there are still forms coming in that will be counted, as of today 8,922 said yes and only 55 said no. This is a […]read more
Cost of Living Adjustment 2024
The cost of living adjustment for 2024 is 2.7%read more
EMAIL CONSENT FORM UPDATE – YOUR VOTE WILL COUNT
Do not panic if you’ve submitted your surplus payout consent form online and have not received any confirmation. We have heard from a number of pensioners expressing concern over the lack of acknowledgement. When a Plan member sends their ballot by email, they should receive an auto-reply message, which means technically that PAC received their […]read more
Frequently Asked Questions on the Memorandum of Agreement (updated December 18, 2023)
Memorandum of Agreement relating to surplus sharing under the Canadian Broadcasting Corporation Pension Plan and to cost management under the Canadian Broadcasting Corporation Supplementary Health Care Plan Q: What is the arbitration decision on the 2009 benefits and pension agreement about? A: In 2019, the Corporation said it was unilaterally terminating the Memorandum of Agreement […]read more