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Pension Lawsuit Court Decision January 20th 2010

TEAM Memo

To:         TEAM-IFPTE Local 161 Members
From:     Bob Linsdell – Pension Committee Representative
Date:      January 20, 2010
Re:        Pension Lawsuit

I am pleased to report that the Court of Queen’s Bench ruled in favour of the MTS Pension Plan members by requiring MTS Allstream to return to the plaintiffs what now amounts to approximately $100 million dollars, and also governance of how these funds will be utilized.

This ruling represents a vindication of our rightful claim to the initial surplus.  Click here to read a brief summary of Justice Bryk’s decision.

The full 170 page judgement will be posted on the TEAM website as soon as the file is ready. 

Bob Linsdell

TEAM-IFPTE Local 161
204-984-9470 or 1-877-984-9470
[email protected]
www.teamunion.mb.ca
@teamunion161