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Nortel Carling

 

NRPC

"On January 14, 2009, Nortel Networks initiated financial restructuring under the Companies' Creditors Arrangement Act (CCAA) in Canada. Since then most of the company's assets have been sold off, no severances or retirement allowances have been paid, all medical benefits and life insurance have ceased and the province of Ontario has taken over the Nortel pension fund. The NRPC's major priorities are to ensure that Nortel retirees and former employees receive the maximum possible compensation for the benefits they have lost and to provide pensioners more favourable financial options when Ontario winds up the pension fund. 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

Latest News (Members also see Member News)

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Item of the Week

Notification of Managerial Pension Plan Windup Report Approval

Members of the Managerial Pension Plan should go to "Members Only / Documents / English Documents / Newsletters & Other" to read about the approval of the Managerial Pension Plan Windup Report and its implications.

Notification of Approval of the Final Negotiated Plan Windup Report

Members of the Negotiated Pension Plan should go to "Members Only / Documents / English Documents / Newsletters & Other" to read about the approval of the Negotiated Pension Plan Windup Report and its implications.