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 Wajax Retirees Association    A Gathering Place for Past and Present Wajax Employees


 
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An Open Letter to Wajax Management

December 27, 2000

We thank you for your memo of December 22, 2000 that replies to the "Pension Info" email message of December 15, 2000.  However your reply does not fully answer any of their accusations.

They say the surplus will be at least  $15,000,000.  You imply that it is a small amount.  Would you please give us your estimate of the surplus in dollars as they have done.

You say that the balance of the surplus will  offset the transition costs.  Please explain what you mean by transition costs.

You also say it is a well known fact the the Company has taken contribution holidays (plural, meaning more than one) while they say you have taken one continual holiday since 1986.  Are they correct?  Yes or No.

An Undecided Employee

 

 

 
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