This gallery contains 2 photos.
In a nutshell In this blog I address the “annuity or lump sum?” and the “if, when and how much to annuitize?” questions with a discussion of the pros, cons and other qualitative considerations that go into this very personal … Continue reading
In a request for political action “Immediate actions to improve your outcome in the Nortel Insolvency” the NRPC is calling on all retirees and former employees who have Canadian claims to contact Minister of Industry Paradis, their senior regional MP and their own … Continue reading
New Ontario pension windup flexibility is great but must include ‘self-administration’ option It is wonderful to read that Ontario Finance Minister Duncan decided to broaden the available options upon pension wind-up, rather than forcing pensioners into an annuity. The Nortel … Continue reading
Nortel Pensions The past week was a sad and painful one not just for pensioners, but for all current and past employees of the company. Retired pensioners tend to be older and mostly out of the work-force and would likely … Continue reading
Nortel seeks legal advice on exploring bankruptcy This is a sad day for current and ex-Nortel employees. The implication on pension plan members is difficult to determine as yet, but those who have read my earlier blogs on pensions may … Continue reading
Q&A: Take Commuted Value or “Pension”? (Laid-off from Nortel in the summer of 2009) Q: A friend of mine was in the latest round of (Nortel) lay-offs, and is trying to decide whether to take his pension as a lump … Continue reading
This gallery contains 2 photos.
Doomed Nortel Pensioners? Outside-the-box Pension Options and Path to Pension Reform In a nutshell The pension system failed Nortel pensioners; it is now time to let pensioners control their own destiny. We are where we are and we need to … Continue reading
Too little, too late- A 50% interim CV payment would be more appropriate than the proposed 69%! You may have missed the story not mentioned in the title of Bert Hill’s Ottawa Citizen article “Court names Toronto law firm to … Continue reading
Pensions: General and Nortel Specific Topics 1. Pension outcomes in case of bankruptcy/restructuring/asset sales You may have heard of a well-known telecommunications equipment supplier, a global player which prospered for decades and then fell on hard times lost billions of … Continue reading
Nortel Settlement Agreement- What’s in it for pensioners? In a nutshell The Nortel Settlement agreement offers pensioners about a $2,000 value now, while it forces pensioners to forgo a potential of up 5-50 times as much upside later, if a … Continue reading
