January 31, 2011
We are pleased to advise that the Superintendent has issued his consent to the surplus withdrawal application in this matter. Now that all formal regulatory approvals have been received, the surplus distribution can proceed. As was set out in our update dated December 22, 2010, once the accrued pension benefits that members have earned under the Plan are completely paid or provided for, then the surplus distribution will be able to proceed. We have been advised that this is scheduled to take place by June 30, 2011. For further information regarding the remaining steps to surplus distribution, please click the FAQ tab below.