If you have a deferred Nortel pension, you should have recently received an early April mailing on Koskie Minisky letterhead from your three court representatives; Don Sproule, David Archibald and Mike Campbell. They pushed for this update letter because the majority of 5400 deferred pensioners have had no contact with the bankruptcy process since Nortel declared CCAA protection.

In the letter shown below in the Latest News section, we also encouraged you all to become NRPC members.

The values of NPRC membership include:

• Bimonthly newsletter: NRPC membership will put you on the mailing list for regular updates from the NRPC. N.B., we have committees that engage regularly with Koskie Minsky, Morneau Shepell, Ernst and Young and our Nortel G-LIF provider. The regular newsletter will update you on what to expect.

• Strength in numbers: The NPRC membership is some 8500 strong, comprised mostly of pensioners. The size of our membership has clout with the federal and provincial politicans. Adding a strong deferred membership will increase our political clout

• Vote on the Board of Directors slate: as member you get to vote on BoD slate.

The NRPC and the court reps are already working on the behalf of deferred pensioners. Your letter spells out some of the successes we've already achieved for deferred pensioners including application of the PBGF, reductions in taxation on pension payout, and the development of a Nortel group fund that will be superior over the purchase of annuities. We continue to work at both levels of government to improve the deferred situation.

We will continue to work on your behalf. It is important and motivating to us that you appreciate our efforts by becoming NRPC members today. To cut down our processing workload, we encourage you to become members on-line (using Paypal) by clicking the link below. 

  Register

After you register, you will have the choice to pay using PayPal or through the mail.

Thanks

Don Sproule: NPRC president and Court Rep