CLPENS

The Canada Life Canadian Pension Plan

Members' Rights Group

....................     ........... 

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    ◊Issues
     ◦Partial Windup
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     ◦Expenses

 

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     FSCO

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    ◊SERP

 

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     ◦Application (rtf)
     ◦Application (html)

 

    Financial Data
     ◦Valuation Jan 1,2006

 

    ◊Indexation
     Indexed Pension Table
     ◦Indexing Factors

 

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    ◦CLPENS
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    Contact Us
 

    Appendix

 

    What's new?
 

Dec  7 2009 Minutes of Nov. 18 information meeting
Oct 23 2009 Notice re meeting on Nov 18, 2009
Mar

14

2009 Class action status update
Mar

8

2009 Indexation section updated with 2008 data
Nov

25

2008 Minutes of Nov 5 2008 AGM posted
Nov

18

2008 Easy links to "important contacts" added to index
Jan

31

2008 Indexation section updated with 2007 data
Dec

6

2007 Communiqué du 30 nov 2007
Nov 30 2007 Class Action  page updated
Nov 28 2007 Procès-verbal de l'AGA 2007
Nov 23 2007 Recent updates to Who We Are, Executive Committee,
        AGM Minutes, SERP, and Links pages

Jul 31 2007 Financial Data updated with available 2006 data
May 11 2007 Updates to Class Action page re:
     Mediation Conference
     Decision in Potter v. Bank of Canada
Apr 10 2007 Mediation rescheduled
Séance de médiation reportée
Feb  6 2007 Updates to Financial Data page.
Valuation Summary as at Jan 1 2006 added
Jan 31 2007 Indexation section updated with 2006 data.
Dec 21 2006 changes to SERP page 
Nov 25 2006 le 14 novembre - demande ajournée
Nov 16 2006 Further adjournment of certification motion
Nov  5 2006 October 25 General Meeting minutes added
FAQ Section updated
Aug 22 2006 Class Action delayed again
July 18 2006 Update to the FAQ page
July  5 2006 Further delay of proposal on Class Action page
Dépôt de la proposition retardée
Jun 22 2006 Avis sur le recours collectif
Jun 21 2006 Notice re class action posted
Jun 12 2006 Executive Committee page updated
Jun  1 2006 Class Action page updated re delay of proposal
May  5 2006 Sommaire du rapport de terminaison partiel
May  1 2006 Partial Wind-up Report Summary posted
Apr 21 2006 Addendum to Newsletter 28
Mar  3 2006 Class Action page updated
Feb 23 2006 New website version launched
Jan 13 2006 FSCO reply to Koskie-Minsky letter of  Dec 21.(pdf, 142KB).
Jan  2 2006 Website updates to SERP section.
Dec 21 2005 Koskie-Minsky LLP writes to FSCO, requesting that no more extensions be granted.  To view the letter, click here.  (Available in pdf format only, 67KB).
Dec 16 2005 FSCO grants an extension until March 31, 2006.  To view the letter, click here.  (Available in pdf format only, 37KB).
Dec 15 2005 Canada Life requests an extension of the deadline for the Partial Wind Up Report. To view the letter, click here.  (Available in pdf format only, 49KB).
Dec  1 2005 SERP section updated.
Website address changed to http://www.clpens.com.
Nov 11 2005  October 19 General Meeting minutes
      Compte rendu de l’assemblée générale annuelle du 19 octobre 2005.
Link to Canada Life Case via Koskie-Minsky LLP:
Koskie-Minsky/Canada Life case
      Link to Canada Life Case via Harrison Pensa LLP:
Harrison Pensa/Canada Life case
Oct 19 2005 Annual General Meeting 7:00pm – 8:30 pm
Oct 18 2005 Special notice re SERP Wind-up
Oct 17 2005 Brief biographies of CLPENS executive committee added under the heading CLPENS Executive.
Sep 28 2005 Statement of Claim replaced by Amended (joint) Statement of Claim
Sep 25 2005 Financial Data and Index Factors updated for 2004 
Aug 26 2005 Statement of Claim added to website.
May  6 2005 General Meeting minutes available here
Apr 27 2005 CLPENS General meeting
Mar  1 2005 Indexation section updated with 2005 data.
Feb 10 2005 Correspondence section removed and FAQ section updated.
Oct 20 2005 Application form for voting membership added to website. 
      It has come to our attention that some plan members were concerned that membership in this group might put their pensions at risk.  Pensions are paid from a trust fund and are outside the direct control of the company sponsoring the plan (now Great West Life Insurance Company / Power Corporation).  The plan is registered under the Pension Benefits Act of Ontario and regulated by the Financial Services Commission of Ontario.  Please rest assured that any involvement in this group will not have any adverse effect on your pension.
AGM minutes   posted on the website.
Updates to Financial Data and the Contact Us pages.
Oct  3 2004 Agenda for General Meeting
Updated Constitution
Oct  5 2004 Inauguaral General Meeting
Sep 16 2004 Privacy statement added to Mission Statement page. 
Available 2003 Financial Data added.
July 13 2004 Glossary added to web site.
Mar 15 2004 Web site updates to Correspondence & Constitution.  Please note that constitution is in draft form only.  Minor wording changes to FAQ and ContactUs pages.  Previous newsletters now available online via the “Newsletter” link on left hand side.
Oct 20 2003 Web site updates to Financial Data and Correspondence sections.
Sep 13 2003 The actuarial valuation as at Jan 1 2003 is now available.  Financial Data page has also been updated to reflect this.
Sep  4 2003 The new Trustees for the Canada Life Canadian Employees Pension Plan are James R. (Jim) Grant, D. Allen Loney, and Alexander Symons.  Jim Grant is SVP Group Insurance.
Sep  3 2003 During a visit to the FSCO, we learned that Great West Life initiated a partial wind-up of the Canada Life Pension Plan.  The members included in the partial wind-up will be those terminated from July 10, 2003 until the end of the wind-up period, approximately 24 months later.  Additional information will be added to the website at a later date, and will be included in our newsletters.
Aug 31 2003 Web site updates to Home Page, Mission Statement, Issues and Concerns, FAQ, and Contact Us sections.  In addition, the proposed constitution for the Group can be accessed via the Contact Us page.
Aug  1 2003 Update Financial Data with 2002 rate of return.  The triennial Actuarial Valuation (as at Jan 1, 2003) will be available in September, 2003.
July  3 2003 Web site updates to Correspondence and Links sections, including removal of some dead links.
May 21 2003 Web site updates to Correspondence section, and a new section on Indexation
Dec  4 2002 Ontario Finance Minister withdraws amendments to Pension Benefits Act from Bill 198
Nov 15 2002 Web site updates to Links page, with information regarding Ontario government Bill 198
Oct 30 2002 Ontario Finance Minister introduces Omnibus bill 198.  Part XXV of this bill deals with proposed changes to the Pensions Benefit Act, specifically in the rules dealing with Surpluses in pension plans.
Oct 11 2002 Web site updates to Financial Data, Correspondence, and Readers’ Comments
Sep  1 2002 Web site updates to Issues, Financial Data, Correspondence, and Readers’ Comments.
July 19 2002 CL alters its course by refiling the Dec 28th 2001 application for transfer of assets under sec. 8(c), which indicates that  title to the surplus is unclear.  Pension Group learns of this via the FSCO.
Jun 29 2002 After learning of Dec 28 request for transfer of assets from the Pension commission, Pension Group writes to chair of trustees and CL director of human resources.  While we have no objection to the transfer of funds, we are concerned that  the request was filed under a clause whereby the company claims full ownership of the pension surplus.
Jun 16 2002 Readers’ Comments updated
May  2 2002 Letter received from CL director of human resources, stating that it is inappropriate for trustees to meet with pensioners
Apr  8 2002 Pension Group asks to meet with independent trustees
Mar 25 2002 Reply received to letter of Oct 10, 2001
Mar 24 2002 Additions to Links and Correspondence pages
Feb  9 2002 Financial Information for 2000 added to Financial Data section and administrative fee for 2000 added to Issues and Concerns section.
      FAQ section updated with names of new trustees, and critique of 2001 change to indexing provisions.
Dec 28 2001 CLA  requests permission to transfer assets, including a portion of the surplus, out of the pension fund, due to sale of Canada Life Casualty
Dec 13 2001 Significant updates to Issues and FAQ sections, thanks to input from pension expert.  Second response from CL re advisory committee added to Correspondence section
Oct 12 2001 Letter written to CL requesting updated financial information.
Oct 10 2001 Letter written to CL requesting detailed information on the buildup of the surplus by year.
Aug 31 2001 Submission made to the Parliamentary Assistant to the Finance Minister on the proposed reforms of pension surplus sharing rules.
Jul 17 2001 Canada Life declined to hold a vote to establish an Advisory Committee stating that the plan is properly governed and there is no indication of a significant number of members being interested.
Apr 11 2001 Request made to Canada Life to consider setting up an Advisory Committee as provided for in the Pension Benefits Act.
Feb 20 2001 Canada Life secured the supplemental pension plan for high-income employees and retirees by a registered trust.
Jan 26 2001 Canada Life announced a change to the indexing provision of the pension plan.  The Members Group is trying to find someone who can clearly explain the effect of this change.  
Dec  2 2000 Pensioners won a suit against Great-West Life, who violated the Pension Act when it arbitrarily altered the indexing provisions. Settlement was in the 7-figure range.

 

Page Last Revised

07 Dec 2009

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