Ottawa Chapter

1
WELCOME!

• Ottawa Chapter
• Fall Meeting
• October 28, 2010

2
Meeting Agenda

• 930 a.m. Meeting call to order review of
  agenda
• 935 Presidents Report Pension update
• 1000 Wills Estate Planning Eric Honey
• 1130 Break
• 1150 Chapter Update New Business
• 1220 p.m. Question answer session
• 1230 Adjournment

3
Bell Pensioners' GroupOctober 2010President's
Report

• Presented by Bob Farmer

4
Bell Pension Plan Performance

• Plan Valuation (31 Dec 2009)
• 2008 Plan Return -19.5
• 2009 Plan Return 15.1
• 2010 (Jan-June) Return 1.2

5
Plan Surplus/Deficit

• Solvency assumes plan wind-up
• Negative numbers (deficit) means plan
  under-funded
• Recovery from 2008 underway, but will take time

6
Actuarial vs Market

• Actuarial (smoothed) values used for plan funding
  purposes
• Actuarial values lag actual market values
• Currently, solvency deficiency greater when
  market values considered

7
Solvency Ratio

• Tests whether plan can deliver pensions even if
  plan is wound-up
• Measures proportion of liabilities that can be
  covered
• Market value actual value of assets used

8
Achieving Full Funding

• Bringing the Plan back to Health over time
• Asset growth liability decrease funding

9
Pension Advocacy

• BPG very active in advocating changes to pension
  rules
• Legislative amendments passed by House in 2010
• Some regulatory amendments in place, others to
  follow

10
Pension Advocacy

• Recent Improvements
• No voluntary plan termination unless plan fully
  funded (within five years)
• Contribution holiday only if 5 surplus remains
• Annual plan valuations and funding reset
• Smoothing over 3 years
• Solvency ratio based on market value of assets
• Deviations from funding rules only with consent
  of pensioners
• Maximum surplus increased to 25 from 10

11
Pension Advocacy

• A disappointing rule change
• Old rules required plan deficiency to be
  eliminated in five years (or ten years as an
  exception)
• New rules give sponsors more time
• one-third of deficiency remains after 5 years
• one-tenth of deficiency remains after 10 years
• Must be experience tested

12
Pension Advocacy - Current

• Federal
• Review amendments to regulations as they are
  announced
• Enhance protection of pensioners whose plans fail
• Business Insolvency Act CCAA
• Ontario
• With Canadian Federation of Pensioners
• Influence Ontario pension legislation/regulation
• CFP objective protect the pension promise for
  members of Ontario pension plans
• BPG objective help Ontario be a positive model
  for Federal rules

13
BPG Board

• André Bergeron
• Bob Bartlett
• Michèle Boyer
• Sue Dawes
• Michel Doyon
• Bob Farmer
• Betty Gauthier
• Jean-Luc Geha
• Linda Gervais
• Robert Guay

• Gwen Guillet
• Lancy Hum
• Ron Hunt
• Pam Went
• Frank Bible
• Al Bowcott
• Yvan Dutrisac
• Marlyn Easterbrook
• Yvan Pacaud

14
Wills and Estate Planning

• Eric Honey
• Honey MacMillan Gilhooly Baldwin

15
BREAKMeeting resumes in 20 minutes

• Ottawa Chapter Meeting
• October 28, 2010

16
Ottawa ChapterUpdate

• Marlyn Easterbrook
• Ottawa Chapter Chair

17
Ottawa Chapter Update

• Membership growth
• Circle of Friends results
• PayPal launch
• Benefits
• Audit of Bell retirees
• Treasurers update
• Chapter changes
• Circle of Friends draw

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Our 1 Priority Increase Membership

• Growing our membership is critical to the success
  of our organization
• We have implemented many initiatives
• Meetings outside Ottawa Kingston, Sudbury
  Pembroke
• 4 newsletters per year
• Email blasts
• Online payment of membership dues (PayPal)
• Circle of Friends membership drive
• Our strength is in our numbers you can help!
• Check your In Touch magazine for the recent
  retirees and if you know any of the people
  listed, please contact them and encourage them to
  join BPG

19
Circle of Friends

• 2010 Membership Drive results
• Referrals received 247
• Members already 67
• Non-Members (potential) 180
• Of the 180 potential members
• 54 said will join (30)
• 13 verified joined (8)

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Our strength in numbers

• The following summarizes the BPG Membership
  Count
• Dec 2008 Dec 2009 Oct 15, 2010
• Ottawa 1,206 1,332 1,269
• BPG Total 9,944 10,213 10,256
• We are committed to a minimum of 5 yr/yr growth
• We need your help to ensure that we exceed our
  total from last year

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21
PayPalTM Launch

• Our Ottawa trial was very successful
• As of Sept 91 members paid 2010 dues using
  PayPal, including 21 new members
• A Corporate PayPal application has now been
  developed and it will be rolled out to all
  Chapters as of November 1, 2010
• This could not have happened without the great
  work and leadership of our Ottawa webmaster,
  Terry Acker and our Ottawa treasurer, Don Dutton

22
Benefits

• Dental
• Retired prior to July 2000 rates paid are from
  the 1988 Dental Schedule and are unlikely to be
  updated
• Retired after July 2000 rates paid are at a
  2-year lag in rates (i.e., rates paid in 2010 are
  from the 2008 schedule)
• Plans A B
• Rates for the Plan B reflect only the rates
  charged by the insurance company
• These rates are not used to defray the costs for
  Plan A

23
Audit of Bell Retirees

• A sample audit is planned for the Spring 2011
• Used by Bell to verify pensioner information
• The last audit was a census (audit of every
  retiree) but this time the plan is a sample only
• If you are not part of the audit, dont worry
  your pension cheque will not be affected

24
Ottawa ChapterFinancial ReportNote due to the
confidentiality of the financial information,
these slides have been excluded from this web
version.

• Don Dutton
• Ottawa Chapter Treasurer

25
Ottawa ChapterNew Business

• Marlyn Easterbrook
• Ottawa Chapter Chair

26
Communications Director

• Our BPG Board is looking for a person to replace
  André Bergeron as Communications Director
• If you would be interested in this position or
  know someone who may be interested, please
  contact me or see me at the end of the meeting

27
Ottawa Chapter Changes

• Secretary
• Geraldine Foot is replacing Lancy Hum who is
  becoming the Corporate Secretary
• Membership Coordinator
• John Campbell has retired as our Membership
  Co-ordinator we have split the job
• Ed Wilton becomes our Membership Co-ordinator
• Betty Gauthier is responsible for Membership
  Communications
• On behalf of our Executive Committee, I wish to
  thank Lancy and John for their dedication and
  outstanding contribution to BPG. Both have
  agreed to stay on and help our Ottawa executive.
• I am  happy to welcome George McDougall to our
  Ottawa Executive

28
Next Meetings

• Ottawa Tuesday, May 24, 2011
• Nepean Sportsplex
• Kingston Wednesday, May 25, 2011
• Kingston Curling Club
• Pembroke TBA

29
THANK YOUMARC DAVIDSON
30
Circle of Friends Draw

• Prizes three free BPG membership for 2011
• Three winners from our membership campaign
• Person with the most referrals
• Don Wilson provided 103 referrals
• Draw for 2 more winners

We are all winners!
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QUESTIONS ANSWERS
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NEXT MEETING

• Tuesday, May 24, 2011
• 930 a.m. - 1230 p.m.
• Nepean Sportsplex