Former union leader wants union to provide a lawyer for NewPage pensioners
January 16th, 2013 | Posted in Financial News | 2 comments »
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.
Read more of this story from CBC:
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Well it goes to show that accountants make big mistakes and the union should sue the accounting firms to pay back the overpayments. All Forestry transactions and accounting are questionable in Canada. What comes around goes around.
damn right the cep national should pay to defend these retirees that’s why the retirees paid union dues all their lives we are still members of the union