The following address will take you to the FSCO Financial Services Commission of Ontario web site and specifically to their pension policies. The policies are PDF documents that can be downloaded for review. The First policy W100-102 deals with the wind up process as applied by FSCO for Canadian Defined Benefit and Contribution pensions. It include a variety of situations including bankruptcy and underfunded trust funds.
This may give a better understanding of what happens in wind up of the Nortel Canadian pension. There are still unanswered questions for our specific situation which may only be clarified as we go through the process.
There is a French section within the FSCO site which should parallel these English documents and may be easier to understand for French speaking retirees.
http://www.fsco.gov.on.ca/english/pensions/policies/active/#windup
Friday, August 20, 2010
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