October 25, 2012
We are hopeful that FSCO will approve the surplus withdrawal application by year-end, 2012. If that occurs, there is a possibility that BCE would be able to make the surplus payments before year-end. However, it is realistic to consider that the surplus distribution will be made in the first quarter of 2013.
Please note that BCE has no plans to send out new Option Election Packages. If the FSCO’s delays in approving the application are longer than usual, BCE may reconsider this position. For now, members should assume that there will not be an opportunity to revise their surplus payment method.