Wednesday, February 15, 2012

Starting Dates at WEG or in Pension Plan Disputes

For members who are disputing their start date with Woodbine and/or their start date in the company pension plans:

The company needs verifiable proof of both dates for any dates that are in dispute.

For proof of years of consecutive service, this would be for the number of years used in the calculation for the amount of money you will receive.

If you disagree with the date they have on record, a paper trail of your T4s for the time period in dispute would be the best proof, although not the only proof. It would be difficult for each member to have retained this paper trail. The Canadian Revenue Agency only would be able to supply T4 information going back to 1986.

For the service years that would be used in calculating the amount of money that would be allowed to be transferred into ones RRSP, similar proof would be required. When employees joined a pension plan, when the plan was initiated or when they were transferred to a new plan, there is the possibility that credit calculations for prior years of service was done at that time. This credit would be a subtraction from the amount of years prior to the 1989 calculation.

I have been informed by Woodbine that they are checking into this as thoroughly as possible to uncover any of the disputed dates.

The union is following this closely and we are working to find a solution to these disputed dates. Any positive solutions to providing the needed proof from anyone is more than welcome.