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Important Notices and Updates

November 19, 2023 - Update re Status of the Windup of the LEW Salaried Pension Plan

FSRA has approved the distribution of basic benefits from the Stelco LEW Salaried plan on November 16 2023


Bulletin Board

FSRA has approved the distribution of basic benefits from the Stelco LEW Salaried plan on November 16 2023.               

Accordingly, Telus will now proceed as follows:

  • Wind up option statements will be mailed to the 5 Deferred Vested members in the next couple of weeks.      
  • Lump sum payments can now be processed for any Active or Deferred Vested member in accordance with the member election.                          
  • Over the next couple of weeks Telus will also communicate with 4 retirees and 1 survivor regarding adjustments to their pension payments as a result of the correction to the joint and survivor optional forms available to members who retired from deferred vested status.

This process will could take about six months and when completed Telus will be able to  proceed with the buyout process and the pension payments will begin to be made the insurers who purchased the annuities. 

 

The process to obtain the approval to distribute the Plan surplus will then begin and could take about another six months before the surplus payments are made to the plan members. 

LEW Pension Advisory Committee (PM)

March 3, 2023 - Lake Erie PAC UPDATE - Telus Health (formerly LifeWorks) announces Windup of the Lake Erie Salaried Plan

Lake Erie PAC UPDATE - GOOD NEWS FOR LAKE ERIE PLAN MEMBERS


Bulletin Board

LAKE ERIE PENSION ADVISORY COMMITTEE UPDATE: 

The Lake Erie Salaried Pension Plan is now fully funded and the windup process has begun and will probably take a couple of years to be fully completed. In the meantime Morneau Shepell who was the Administrator appointed in 2017, later changed its name to LifeWorks and has just amalgamated with Telus, a worldwide benefits provider. Is now doing business as Telus Health.

Telus Health has sent a letter dated March 3 2023 along with a Questions and Answers sheet to each of Lake Erie Salaried Plan’s members explaining the initial activities that will occur as the windup process proceeds. A generic copy of the letter and its Q&A sheet are posted in the Lake Erie Members area for their reference.

There will be more communications issued by Telus Health as certain milestones are passed.  In additon, your Lake Erie PAC will keep you apprised of new developments as permitted.

Copies of the Wind-up  Notice and Q&A sheet mailed to all Lake Erie Plan Members on  March 3, 2023 are posted in the Members Area (Pensions/Lake Erie/ PAC). 

 

 

 


 

 

 

Feb 5th 2023 - SSPO Board Announces Voting Results for the 2022 Mail-in Ballot.

A total of 803 mail-in-ballots were received by the December 1st mailing deadline.


Bulletin Board

A total of 803 mail-in-ballots were received by the December 1st mailing deadline.  Each of the four motions were approved by an overwhelming majority of members.  

Click Here to view the tabulated results.

Click here to view Mail-in ballot package.