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NRPC

"On January 14, 2009, Nortel Networks initiated financial restructuring under the Companies' Creditors Arrangement Act (CCAA) in Canada.  Simultaneously, they have stopped paying severance, transition allowances, and deferred wages to former employees and retirees throwing the lives of many people into great turmoil.  The NRPC's major priorities are to ensure that Nortel retirees and former employees receive the benefits they were promised and to avoid the wind up of the Nortel pension fund when it is underfinanced. We will do this through representation at the CCAA process and by seeking urgent action from governments to protect our rights as citizens and as Nortel creditors and by communicating our story to political leaders and the public nationwide." 

Don Sproule, Chairman NRPC 

NRPC ad in Hill Times Mar. 8, 2010

The following ad appeared in The Hill Times on March 8, 2010.
 
This is the second in a series of three ads which will target the politicians on the Hill as they return to work.
 
Please raise the noise level with the Prime Minister, Minister Clement, Minister Flaherty and your own MP.  The vocal and visible will of voters will be the only approach which will sway the Government to make the BIA change to give employment-related claims 'preferred' status in bankruptcy proceedings.

 
Please do your part and write, write, write..........

 

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Ottawa Area CURC Pension Workshop - 13th March
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Latest News

(08/03) Eastern Ontario retiree submits open letter to the PM to the Morrisburg Leader

The following Open Letter to PM Harper was published on March 3rd in the Morrisburg Leader.  Bob Dowson, a retiree who lives in Iroquois, Ontario, is very active with the NRPC Ottawa/Eastern Ontario Region.  He has written many letters to p...

(08/03) Judge Morawetz to rule within a week on Nortel Settlement Agreement

Three days of hearings by the Superior Court of Ontario related to the Nortel $57M settlement agreement ended with Judge Morawetz indicating it will take about a week for him to make a decision on the case.   Lawyers from all groups presented th...

(05/03) Court Hearing Continues re Settlement Agreement

Lawyers for the former employees, the monitor, the CAW, the bondholders, and 37 opposing employees presented at court hearing under Judge Morawetz on March 3rd and 4th in Toronto.  The hearing continues today.  At this point we do not know ...

(04/03) First NRPC ad appears on the HILL

On March 3, 2010, the following advertisement appeared in Embassy, a companion paper to The Hill Times, and was delivered to every MP on their first day back to Parliament. It will also appear in The Hill Times on March 8th and March 15th, to ensur...

(27/02) 76% of Canadians Support Pensioner Priority in Bankruptcy Proceedings

In a press release issued February 26, 2010, TNS Canadian Facts reports that 76% of Canadian adults support giving pensioners priority in the event of bankruptcy proceedings.  Overall, respondents expressed concern about Canada's current system ...

(21/02) Are You Missing NRPC Emails?

The NRPC sends out occasional emails to all Members and Associates using the email addresses that you have provided in your NRPC registration.  When we sent out an email last week, we found that 50 of the email addresses bounced back as invalid ...

(19/02) Major US Creditors oppose Settlement Agreement

The Ottawa Citizen featured an article on the major US creditors opposing the Settlement Agreement and included two photographs of our pensioners. Full details at this link:   http://www.ottawacitizen.com/business/creditors+lodge+objections+No...

(19/02) 39th Monitor's Report

UPDATED 23 Feb: The 39th Monitor's report is now available on the Monitor's Website.   Part 1 of the Thirty-ninth Report of the Monitor explains details of the Settlement Agreement. The Monitor has reissued part 1 of the 39th Monitor's report, a...

Item of the Week

Take a Poll regarding the February 23rd Webcast
If you participated in the NRPC/Koskie Minsky webcast on 23rd February, please take a moment to respond to a new poll in the Members Only / Polls section.
 
Replay of 23 Feb Webcast Available to Members
The replay of the NRPC-KM Webcast held on Tuesday, 23 February, is now available to Members by going to the Members Only / Media / Webinars section of the website.  A copy of the charts is also available.
 
Nortel advances $57M to pensioners, former employees and disabled employees.

Today Nortel announced an agreement to fund medical and life insurance benefits for pensioners and their survivors until December 31, 2010.  In addition, the terminated employees are to receive a payment up to $3000 for lost severance benefits.  Long-term disabled employees will have their wage-replacement benefit and medical and life insurance benefits continued until Dec. 31, 2010.
Read more...