On April 19 and 20, Richard Poersch, FSNA National Director for Ontario, attended the hearings of the appeal of the verdict of the pension surplus court case. He reports that at the proceedings, held at the Ontario Court of Appeal in Toronto, our lawyers did a very good job of representing members’ interests. However, the hearings also went well at the original trial but in the end, the verdict was not favourable. Therefore, let us not create false hopes. And let us not forget that if a favourable verdict is rendered, the only effect it will have would be a return of the $30 billion surplus back to the superannuation accounts.
The outcome of the appeal will be known only when the appeal judges have finished reviewing the case and render their ultimate verdict, a process which usually takes several months.
The Federal Superannuates National Association Kingston & District Branch, c/o Box 1172, Kingston, Ontario K7L 4Y8, Telephone 1-613-384-2440 .-. Click on a comment link to express your view on a post. Alert a friend, to a post, by clicking on its envelope icon.
