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IMPORTANT UPDATE ON THE PENSION SURPLUS SHARING CONSENT PROCESS
Consent forms to permit the sharing of the CBC pension surplus are being sent out in the mail starting today. After further discussion with the CBC, there will now also be an option to receive and send your consent electronically. Pensioners will now be able to go to their “My Pension Statement” section of the […]
read morePension Surplus Update – Consent Forms – November 8, 2023
In the next couple of weeks CBC Pensioners will receive details for the planned distribution of pension surplus. The package contains several pages of details including a consent form that you will be asked to return by December 8, 2023. We strongly urge you to read the document and return the consent form as quickly […]
read morePension Surplus Update – October 10, 2023
Work is continuing towards implementation of the payout of the pension plan surplus. We had hoped that payouts would be made before the end of this year but recent developments have left that in doubt. We have been notified by the Office of the Superintendent of Financial Institutions (OSFI), the federal body that regulates pension […]
read moreSurplus Payout Update – September 22, 2023
Update from the CBC Work is continuing on completing the calculations necessary for a payout of pension surplus to retirees and employees. However, we are still awaiting the approval of distribution of funds from the pension regulator. The Office of the Superintendent of Financial Institutions (OSFI) oversees the security of pensions and plays a critical role in […]
read moreUpate on Pension Surplus Sharing Agreement
In a meeting with CBC Vice-President Marco Dubé on September 7, we were assured that the CBC Pension administration is working on completing the necessary work to generate payment to retirees and employees before year end. Currently, we are not able to provide a firm date for payout. The process involves calculations for more than 20,000 […]
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