Wednesday, January 16, 2013

Lawyer for NewPage Pensioners?

Former union leader was union to provide a lawyer for NewPage pensioners:
Lionel Forsyth, a former CEP union president, said the union should be paying for a lawyer for the NewPage pensioners who were told they each have to pay back thousands in pension overpayments.
Forsyth told CBC that “the union should represent the unionized brothers and sisters that are now facing financial devastation. I think they should represent them with the lawyers’ fees.”
There are approximately 250 workers who retired early from NewPage Port Hawkesbury in Nova Scotia have been paid a collective $5 million too much according to Morneau Shepell Ltd. the current pension plan administrator.  Morneau Shepell has blamed the error on the previous plan administrator, Aon PLC.
Morneau Shepell has asked Aon to pay for the error. If an agreement can’t be reached, the matter may end up in court.