You will recall that last year, a question arose as to why the Bell Canada pension indexation for 2017 was not rounded to 2%, rather than 1%, given that Statistics Canada had published the change in CPI for the relevant period as 1.5%. The explanation was that the change in the CPI for the relevant period, calculated to 2 decimal places, was actually 1.49% which rounds to 1%. Your BPG board sought legal advice from independent outside counsel regarding this matter and, based on that advice, decided that no further action was warranted at the time.
In the meantime, we understand that a Bell Canada pensioner has just commenced a class action on behalf of all Bell Canada defined benefit pensioners. The claim challenges Bell’s interpretation of the indexation provisions and contends that the 2017 indexation should have been 2%. Class actions proceed in two phases. First, the court must determine whether to certify the claim and the defined class of beneficiaries as the proper subjects of a class action. Should the action be certified by the court, the lawsuit would then proceed on the merits to determine the validity of the claim. Should the suit ultimately be successful, all members of the class (in this case, all Bell Canada defined benefit pensioners) would be eligible to proceeds as determined by the court. We intend to monitor this development closely and keep our members informed as the case progresses.
Please note that BPG is providing this information as it affects our members as all Bell pensioners have been included in the class. BPG itself is not a party to the suit or financially involved.
For more details about the process and frequently asked question about Class Action and the process, members can click the following link>