Quick Contact
Ottawa office
466 Tremblay Road
Ottawa, ON K1G 3R1

Tel: 613-231-2266
Fax: 613-231-2345
Toll Free: 1-888-613-1234
Winnipeg office

Mailing address:
P.O. Box 764
Winnipeg, MB R3C 2L4

Street address:
Unit 1391,
1403 Kenaston Blvd.
Winnipeg, MB R3P 2T5

Tel: (204) 942-4438
Fax: (204) 943-5998
Toll Free: 1-888-204-1234


April 24, 2013
Pensioners must pay for $5 million pension error

The retired members of the NewPage paper mill in Port Hawkesbury, Nova Scotia have received notice that they must repay $5 million in pension overpayments resulting from a miscalculation by their former pension administrator.  

For most pensioners, the pension debt amounts to tens of thousands of dollars each.  Some must pay back as much as $60,000 to the pension plan’s new administrator.

The error, which affects 250 retirees, was discovered when a new plan administrator was appointed to the plan.

To make matters worse, since the pension is already underfunded, many of the plan’s members are already receiving smaller pension payouts than originally projected.

The province’s superintendent of pensions has said she has no authority to correct the mistake.

employee benefits specialists
Personal financial programs for you and your family.