1. Home
2. News
3. Pension Lawsuit
4. DB Pension Plan Supreme Court Ruling Implementation Update

TEAM MEMO
To:           TEAM-IFPTE Local 161 Members
From:       TEAM Office
Date:        September 26, 2014
Re:           DB Pension Plan Supreme Court Ruling Implementation Update

---

Late Wednesday, September 24^th, TEAM, MTS, IBEW, Unifor and representatives for the retirees signed an agreement to implement the Supreme Court’s DB Pension Plan Ruling:

•  All TEAM members in the Defined Benefit Pension Plan will shortly receive an information package in their home mail.
• The package will layout the details of the settlement, the approximate amount each individual will receive and their options.
• No payouts can occur until after the court has approved the Implementation Plan Agreement.  The hearing is scheduled for November 3^rd.
• The complete Pension Plan Surplus and Implementation Agreement and the Pension Lawsuit Information Letter are now available on the MTS DB Pension Plan website.
• Information sessions via video webcast for employees will be held on October 7^th and 8^th.  You must register through the MTS DB Pension Plan website; “Upcoming Information Sessions”.  A recording of the video webcast will be available online for viewing at anytime.

 

 
 

Signing the Agreement (left to right): TEAM Pension Rep Bob Linsdell, TEAM President Misty Hughes-Newman, Retirees Pension Rep Larry Trach, TRAM President Dave Gnutel, and seated, Harry Restall (main witness for plan members).

• Article in today’s Winnipeg Free Press.
• The joint communique is available here.

---

TEAM-IFPTE Local 161
204-984-9470 or 1-877-984-9470
[email protected]
www.teamunion.mb.ca
twitter.com/teamunion161
facebook.com/teamunion161