National Trust

Overview

The National Trust Pension Surplus Member Group (the "Member Group") is an association of current and former employees and retirees of the National Trust Company ("National Trust"). We are members and former members of the Scotiabank Pension Plan for Former Employees of National Trust Company (the "Plan"). The National Trust Pension Surplus Member Group Committee (the "Committee") was formed by the Association For the Equitable Recovery of the National Trust Pension Surplus ("AFTER"). AFTER is an association of employees, former employees and retirees of National Trust Company, who have retained Koskie Minsky to represent them in their efforts to recover the substantial surplus in the Plan, which is now administered by Scotiabank.

This website provides general information on issues of interest to you. The contents of this site are subject to solicitor-client privilege and all rights to that privilege are expressly claimed and not waived.

These pages are not designed to answer questions about individual situations or entitlements. The information provided on these pages is not legal advice nor a substitute for legal advice.

For information concerning the Surplus Sharing Agreement, please contact Koskie Minsky LLP at 1-800-451-3225, or by email to nationaltrustpension@kmlaw.ca. For information regarding your pension, please call 1-888-895-9933, or email nationaltrustpension@hewitt.com.

Active

Latest Developments

July 30, 2010

Members of the surplus sharing group have been receiving, or will soon receive from National Trust, their surplus election package which provides an updated estimate of their individual surplus share, and requests that they make an election as to how they wish to receive their share. We are advised that approximately 80% of the packages will be in the mail by July 31, 2010, with the balance (primarily retirees) to follow by August month-end.

Applications for asset transfer and surplus withdrawal have been filed with the regulators and we are now awaiting approval. If regulatory approval is received, members will receive their payment of surplus in accordance with the Surplus Sharing Agreement.

Members who have questions regarding the wind-up of the Plan can consult the document prepared by National Trust, under the "Documents" link to the right of this page, entitled "Frequently Asked Questions Regarding the Wind-up of the National Trust Plan."

June 1, 2010

The benefit election mailing to those Plan members with pension benefits still in the Plan is now complete.

On March 18, 2010, National Trust filed the application for surplus withdrawal with the Ontario Superintendent of Financial Services. We are now awaiting approval, following which members will receive their payment of surplus in accordance with the Surplus Sharing Agreement.

Members of the surplus sharing group will be receiving a package in the next month or so, from National Trust, providing an estimate of their surplus share, and requesting that they make an election as to how they wish to receive their share.

Members who have questions regarding the wind-up of the Plan can consult the document prepared by National Trust, under the "Documents" link to the right of this page, entitled "Frequently Asked Questions Regarding the Wind-up of the National Trust Plan."

More Developments

Important Note: This website is intended to provide general information only. Despite our best efforts, it is not always completely up to date and should not be relied upon to make important legal decisions. This website does not offer legal advice and is not designed to answer questions about your individual situation or entitlement. It does not eliminate the need to obtain independent legal advice. Communications through this website will not be treated as private, privileged or confidential. It does not create a solicitor-client, fiduciary or other relationship. Whether you are a class member or not in a particular class action or not depends upon the court order made in that particular case. This website will be updated from time to time with information as it becomes available.