TWPP Surplus Funds Policy

September 2012

The following policy was endorsed unanimously by the members attending the May 31, 2012 Annual General Meeting of TWU Local R55:

Local R55 fully endorses the following as a first priority for any surplus funds in the TWPP:

The two targeted benefits for active members that have been set by the trustees of the plan:

1) Annual update
2) 55 and 25 early retirement option

As a second priority, if there are sufficient remaining surplus funds available, an ad hoc increase for retirees.

BC Association of Retired Telecommunication Workers