Thread regarding Imperial Oil Limited layoffs

Pension Wind Up for Those Terminated?

What are people doing with the pensions for those that got sacked?

Are you taking a lump sum commuted value, or leave it in the plan?

May be we should get IOL to windup the pension plan for those that left? This is what was done back in 2005 when they left 111 St. Clair.

https://www.fsco.gov.on.ca/en/pensions/pensionsonline/supfinserv/nop/makeorder/Pages/Imperial_Oil_Jan1609.aspx

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| 2681 views | | 2 replies (last June 11, 2021) | Reply
Post ID: @OP+19Kl1JVz

2 replies (most recent on top)

Has everyone received pension statements? Taking an awful long time....

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Post ID: @1yqde+19Kl1JVz

Take the lump sum and buy equities. It’s just another flavour of RRSP.

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Post ID: @2fug+19Kl1JVz

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