Saturday, November 24, 2012

Don't Panic

This is a message to my fellow retirees and members of the Telecommunications Workers Pension Plan (TWPP).

There are rumors flying out there that the Telecommunications Workers Union (TWU) may be merging with the United Steelworkers Union (USW). This may or may not go ahead as any merger would require a 66 2/3% vote of the membership.

Be that as it may, our pension plan is a separate entity and cannot be transferred to, taken over by the Steelworkers Union or merged with their pension plan. Relax, our Pension Plan will continue on as it is with the same name, Trustees and administrators. It is one of the best pension plans in Canada and remains fully funded. Your monthly cheques will keep on coming for as long as you are around to cash them!

No one is "giving" our pension plan away! Relax! Order another Mojito! You can afford it!

1 comment:

  1. Thanks Croft...your post answered a lot of my questions. I enjoy your blog which makes me want to travel. Have a safe trip and I hope you find some Canucks to watch the football with.
    Jim Cook (retired TWU)