PSAC is pleased to announce that a settlement has been reached in a class action lawsuit involving employees who were required to pay higher transfer amounts when transferring their pensionable service time from the Ontario public service into the Federal public service pension plan. This class action was supported from the outset by PSAC.
PSAC is pleased to announce that the Ontario Superior Court has approved the settlement agreement reached in the class action involving employees who were required to pay higher pension transfer amounts because of a change in actuarial assumptions when they transferred from the Ontario Public Service to the Canada Revenue Agency as part of the Ontario Sales Tax Administration Reform Process.
More information and links to download the settlement agreement and the Court’s order are available here.
Since the last report the two follow up items below remain:
ONTARIO PSTAR –A legal challenge has been referred to PSAC Legal Section in regards to the pension problems of some of the Ontario PSTAR members; PSAC Legal has reviewed the situation, and are pursuing appropriate actions. We will keep you informed. (no additional information at this time.)
The UTE-PSAC has initiated legal recourse to seek redress on behalf of members who incurred losses due to a pension transfer from the Ontario Government to the CRA.
