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Manitoba Telecom reaches deal with unions, retirees over pension surplus funds

2014-09-25 03:06:36| Telecom - Topix.net

Manitoba Telecom Services Inc. says it has reached agreement with its unions and retirees over implementing a court ruling that a multimillion-dollar pension surplus that existed when the former Manitoba Telephone System was privatized in 1997 belonged to the workers and retirees. Manitoba Telecom said the company and its advisory have been working closely with its unions and retiree representatives for several month to develop an implementation plan, which it said was "unanimously agreed to" Wednesday by all parties.

Tags: deal funds telecom pension

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