Aviva Commercial Union Partial Wind-up
Koskie Minsky LLP developed this website for the exclusive use of members and former members of the Commercial Union Staff Pension Plan (“the Plan”) who were affected by the partial wind-up of the Plan effective 1999.
Subsequent to the declaration of the partial wind-up of the Plan, certain former members of the Plan retained Koskie Minsky LLP to negotiate an agreement to share the surplus in the Plan between Plan members and Aviva Canada Inc.
Your member representatives are pleased to advise that they have reached an agreement with Aviva Canada Inc. to share Plan surplus associated with the 1999 Partial Wind-Up with plan members.
As a result of the high level of support we have received so far, we are now able to proceed to the next phase. To implement the proposal a number of regulatory filings, including actuarial valuations and plan amendments, must be completed. Approval of the Financial Services Commission of Ontario will also be required.
If no unanticipated obstacles arise, we are hopeful that the surplus will be distributed to members by the middle of 2010.