Surplus Sharing Details Announced – June 28, 2024

We have been advised that the distribution of the $129 million dollars of pension surplus will be paid to pensioners and employees on July 30th.

Pensioners will be able to access their “surplus statement” on July 8th on the Pension Administration Centre (PAC) website.  If you do not yet have an account established details of how you can go about that are also available on the site.

The “surplus statement” will include information about the amount you are to receive and how that amount was determined as well as other information. There will also be phone numbers to report problems. Those who have not provided PAC with an email address will get their statements via Canada Post sometime around July 17th.

Deferred pensioners will be mailed their information some time around July 11th.

We will keep you informed as more information becomes available.