Tuesday, November 23, 2010

Morneau Sobeco

On Saturday I received a letter from Morneau Sobeco basically telling me that I was in their data base, that they are now administering the Nortel Canada pension trust fund, and that they would be in contact with me when there were changes to be made and also to verify my pension etc.

There was no specific information regarding time frame or possible impact but they did say that before a reduction in pension was carried out I would receive advance notification.

On Monday I received my normal pension pay stub from Northern Trust.

I think that it will take a while before Morneau Sobeco can determine the true pension trust fund ratio. Things may continue as they are now until the first quarter 2011.

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