BPG has provided previous updates to our members on the Pension Plan Class Action. This is the latest information. BPG will continue to monitor the situation and the next steps for the settlement discussions and will update its members as developments unfold.
Previous updates can be found at: http://bellpensionersgroup.ca/classaction_EN
Since the release of the Ontario Court of Appeal’s decision in this matter granting judgment to the class, the parties and their lawyers have been working co-operatively to determine the necessary steps to implement the judgment and conclude the litigation. (Bell Canada has agreed not to seek leave to appeal the Court of Appeal’s decision to the Supreme Court of Canada.) The parties are now in agreement on a plan for the Plaintiff to seek Court approval to provide payment to class members of damages based on revised indexation to date and to enhance pensions for future indexation. Plaintiff’s counsel are in the process of preparing the necessary motion material to provide a Notice to the class: (i) of the implementation steps for payment; and (ii) of the ancillary motions by Plaintiff’s counsel seeking Court approval of their legal fees and other matters. Members will receive this Notice, which will contain the details of those motions, as soon as it is authorized by the Court.