April 25, 2018
Please be advised that Morneau Shepell Ltd., as the Pension Plan Administrator of the five Stelco defined benefit pension plans, including the Hamilton Salaried Plan and the Lake Erie Salaried Plan, will take over the payment of monthly pensions starting May 1, 2018. Morneau Shepell has contracted with the Royal Bank of Canada to make these payments.
There will be no change to the amount of monthly pension that is due to you. However, there is a very small group of individuals who will notice a difference in their after tax monthly pension amount due to outdated individual tax exemption information. If you notice a change in your after tax monthly pension, please submit a new TD1 Personal Tax Credits form (both federal and provincial) or contact the Stelco Pension Service Center at 1-844-650-2820 for further instructions. Morneau Shepell has prepared a Q&A for Pensions in Pay, which can be found here.