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Friday, 16 September 2011

We have received the following communiqué from Morneau Shepell concerning the timing of adjustments resulting from declarations by retirees about their province of employment history.

Important Announcement

Since sending out letters indicating the reductions in pensions effective August, 2011, we have had a considerable response from members who have informed us that the information we had on file related to province of employment was incorrect, and submitted documentation that would result in changes in the monthly pension to which they are entitled. We have had a number of requests for information regarding when their pensions will be adjusted.

Given the volume of changes to be verified and processed, the adjustments to current (i.e. August) pensions will occur no later than December of 2011. Please note that any pension adjustments will be retroactive to the pension payment of August 2011 and the resulting adjustments to the payback for the ten months of overpayments will be recalculated as of the wind up date of October 1, 2010. We recognize that any delay in processing these changes may result in a temporary hardship for some pensioners and will endeavor to process them as quickly as possible.

Last Updated ( Friday, 16 September 2011 )
 
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