Wajax Pension Surplus Challenge Update - November 1, 2001

It has been sometime since your committee has reported to the contributors and thus the following update.

In our earlier updates (see documents) we stated that our support had been outstanding and that we had engaged Harbottle and Company, a very respected law firm who won a very similar case to ours for the Bank of B.C, employees.

For the last few months, they have been documenting the case and attempting to fill the gaps where information is missing. (Remember they are going over documentation back to 1967 and there are hundreds of documents).

In addition, during the time that our case has been worked on there have been a few other cases in Canada where the Employees have won in court. Thus the seemingly long time we've been working on this has probably aided our cause.

To complete our case we need the following assistance from you the members.

1. In a couple of places we find the documentation of the Pension Plan that we all belong to (called the 1967 Plan) makes reference to the former plan.  This was the plan that was in effect from 1958 to 1966.  These references could affect our case positively or negatively thus should be checked out.  So if any of you have any information, Pension Plan booklets or anything else on the old plan please contact either Gerry Cunningham or Gordon Donaldson.

2. We would appreciate anyone who has the benefit statements, pension plan booklets, or any correspondence regarding upgrades, surpluses, etc. from 1967 to date to also contact us to see if this material is helpful to our case.

3. Many members have said that over the years when they questioned their superiors about the Pension (especially the low % interest applied to their contribution each year) that they were told that upgrades would make up for this.  We will need a few people to give affidavits to this so please try to remember, when,, where and in what context such conversations took place.

Thank you for your help.

Your PensionInfo Committee