December 23, 2009
The Wind-up Report in respect of the National Trust Plan has been filed with the Superintendent of Financial Services. As is indicated in the Wind-up Report, the surplus in the Plan available for sharing has not materially changed from what was reported to Plan members in 2006.
National Trust has advised us that early in 2010, Plan members who are not already in receipt of a pension and who have pre-integration benefits in the Plan (that is, for most members, benefits related to service with National Trust prior to August 2, 1999) will be sent an information package explaining their options regarding their pre-integration Plan benefits, and requesting that they make an election regarding how they wish those benefits to be paid.
The above pertains only to pension entitlement which must be dealt with before the surplus can be established. For this reason, not all surplus sharing members will receive this mailing. More information on surplus will be made available in due course.