Friday, October 22, 2010

Canadian Pension Check

This is the first month after Nortel stopped administering the Canadian Pension trust fund. Morneau Sobeco is now the administrator of the plan. My Canadian pension check stub arrived as per normal from Northern Trust yesterday indicating that they were paying the same amount into my bank account via direct deposit.

It makes sense that Morneau Sobeco would continue to use Northern Trust at least for a while until they get all the database information established and reviewed. It is also nice to see no reduction yet in the pension amount but that will only be for a short time until Morneau Sobeco is able to complete their analysis of the fund assets and liabilities. So future reductions await us.

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