PensionInfo committee comment (#1) on the Wajax 2000 Annual Report 

In Mr. Doug Balls December 18, 2000 response to the committee's PensionInfo email to all Wajax employees, he suggested  that the committee "had the facts wrong" and refused to acknowledge that the surplus was in the range of $15 million and used the following quote to justify the inferred minimal surplus. 

"The Company has also used another part of the fund surplus to improve active plan member accrued benefits and provide a pensioner upgrade."  "We will treat our employees fairly"

Now the truth is out:  Read page 45 0f the Wajax 2000 Annual Report for the facts.

They bought annuities for our pensioners in the amount of $17.723 Million and they spent a grand sum of $437,000 to increase pensions and took a profit of $2.700 Million.

Is this their idea of being fair ?

If you have not contributed your $100. towards this cause,  please do so now.   (click here)