Sears Canada Inc., July 11, 2017
July 11, 2017
On July 6, 2017, Sears Canada Inc. filed a motion seeking to suspend the following:
- Special payments owing under the registered pension plan;
- Supplemental pension payments;
- Post-retirement benefits including life insurance, medical and dental benefits.
Based on the material, Sears is seeking to suspend medical and dental benefits as of July 31, 2017 and life insurance will be suspended as of August 31, 2017.
Representative Counsel is working on a response and will provide information as it becomes available. To view a copy of the motion material please click here.
The motion will be heard on Thursday July 13, 2017 at 10 am at the Ontario Superior Court of Justice located at 330 University Avenue, Toronto, Ontario in court room 8-1.