Pension Surplus Trial Verdict: Actions Dismissed
In a verdict rendered on November 20, 2007, Justice de Lotbinière Panet of the Ontario Superior Court of Justice dismissed the actions challenging the federal government’s decision to take the $30-billion surplus accumulated in the superannuation accounts of the Canadian Forces, the Public Service, and the RCMP.
The judge concludes his 102-page decision by finding that: “the members of the three superannuation plans under the three Acts, the PSSA, the CFSA, and the RCMPSA, have no equitable interest in the superannuation accounts established under the legislation.”
The parties have 30 days to file a Notice of Appeal. The National Board of Directors will review the decision and discuss possible courses of action.
Read the Justice Panet judgement for C-78. (102 pages, PDF)
