April 20, 2010
The parties are close to coming to terms for a comprehensive settlement. The BCE Ontario Employees’ Pensions Surplus Committee (the “Committee”, formerly the REP Steering Committee) is finalizing negotiations with BCE toward a distribution of the surplus assets upon the partial wind-ups. The Committee is actively involved in this process with the Company and consulting with its legal counsel and actuarial advisors to assist them in designing this fair proposal for the affected members. The Committee is also continuing its liaising with the office of the Financial Services Commission of Ontario (FSCO). When further information becomes available, a mailing will be issued that describes any proposal reached in more detail.