Toronto Civic Employees’ Pension Plan Surplus, April 17, 2018
April 17, 2018
We have now completed our information sessions, which were well attended. As of today, we have received Authorization and Retainer forms from approximately 71% of Plan members. While we are pleased with this result, it is insufficient under the terms of the Proposal to proceed, and as such, Plan members who have not voted in favour of the Proposal by submitting their Authorization and Retainer forms are encouraged to do so as soon as possible. As a reminder, we must receive the support of at least 75% of Plan members by no later than May 15, 2018 in order to proceed.