WELCOME! Ottawa Chapter Fall Meeting October 28, 2010

2 Meeting Agenda 9:30 a.m.Meeting call to order & review of agenda 9:35President’s Report: Pension update 10:00Wills & Estate Planning – Eric Honey 11:30~ Break ~ 11:50Chapter Update & New Business 12:20 p.m.Question & answer session 12:30Adjournment

Bell Pensioners' Group October 2010 President's Report Presented by Bob Farmer

October 28, Bell Pension Plan Performance Plan Valuation (31 Dec 2009) 2008 Plan Return: -19.5% 2009 Plan Return: +15.1% 2010 (Jan-June) Return: +1.2%

October 28, Plan Surplus/Deficit Solvency: assumes plan wind-up Negative numbers (deficit) means plan under-funded Recovery from 2008 underway, but will take time

October 28, Actuarial vs Market Actuarial (smoothed) values used for plan funding purposes Actuarial values lag actual market values Currently, solvency deficiency greater when market values considered

October 28, Solvency Ratio Tests whether plan can deliver pensions even if plan is wound-up Measures proportion of liabilities that can be covered Market value: actual value of assets used

October 28, Achieving Full Funding Bringing the Plan back to Health over time Asset growth; liability decrease; funding

October 28, Pension Advocacy BPG very active in advocating changes to pension rules Legislative amendments passed by House in 2010 Some regulatory amendments in place, others to follow

October 28, Pension Advocacy Recent Improvements No voluntary plan termination unless plan fully funded (within five years) Contribution holiday only if 5% surplus remains Annual plan valuations and funding reset Smoothing over 3 years Solvency ratio based on market value of assets Deviations from funding rules only with consent of pensioners Maximum surplus increased to 25% from 10%

October 28, Pension Advocacy A disappointing rule change Old rules required plan deficiency to be eliminated in five years (or ten years as an exception) New rules give sponsors more time one-third of deficiency remains after 5 years one-tenth of deficiency remains after 10 years Must be experience tested

October 28, Pension Advocacy - Current Federal: Review amendments to regulations as they are announced Enhance protection of pensioners whose plans fail Business Insolvency Act; CCAA Ontario: With Canadian Federation of Pensioners Influence Ontario pension legislation/regulation CFP objective: protect the pension promise for members of Ontario pension plans BPG objective: help Ontario be a positive model for Federal rules

October 28, BPG Board André Bergeron Bob Bartlett Michèle Boyer Sue Dawes Michel Doyon Bob Farmer Betty Gauthier Jean-Luc Geha Linda Gervais Robert Guay Gwen Guillet Lancy Hum Ron Hunt Pam Went Frank Bible Al Bowcott Yvan Dutrisac Marlyn Easterbrook Yvan Pacaud

Wills and Estate Planning Eric Honey Honey MacMillan Gilhooly & Baldwin

BREAK Meeting resumes in 20 minutes Ottawa Chapter Meeting October 28, 2010

Ottawa Chapter Update Marlyn Easterbrook Ottawa Chapter Chair

October 28, Ottawa Chapter Update Membership growth Circle of Friends results PayPal launch Benefits Audit of Bell retirees Treasurer’s update Chapter changes Circle of Friends draw

October 28, Our # 1 Priority: Increase Membership Growing our membership is critical to the success of our organization We have implemented many initiatives Meetings outside Ottawa: Kingston, Sudbury & Pembroke 4 newsletters per year “blasts” Online payment of membership dues (PayPal) Circle of Friends membership drive Our strength is in our numbers & you can help! Check your In Touch magazine for the recent retirees and if you know any of the people listed, please contact them and encourage them to join BPG

October 28, Circle of Friends 2010 Membership Drive results Referrals received:247 Members already67 Non-Members (potential)180 Of the 180 potential members: 54 said will join (30%) 13 verified joined (8%)

October 28, Our strength in numbers The following summarizes the BPG Membership Count: Dec 2008Dec 2009Oct 15, 2010 Ottawa1,2061,3321,269 BPG Total9,94410,21310,256 We are committed to a minimum of 5% yr/yr growt h We need your help to ensure that we exceed our total from last year 20

October 28, PayPal TM Launch Our Ottawa trial was very successful As of Sept: 91 members paid 2010 dues using PayPal, including 21 new members A Corporate PayPal application has now been developed and it will be rolled out to all Chapters as of November 1, 2010 This could not have happened without the great work and leadership of our Ottawa webmaster, Terry Acker and our Ottawa treasurer, Don Dutton

October 28, Benefits Dental: Retired prior to July 2000: rates paid are from the 1988 Dental Schedule and are unlikely to be updated Retired after July 2000: rates paid are at a 2-year lag in rates (i.e., rates paid in 2010 are from the 2008 schedule) Plans A & B: Rates for the Plan B reflect only the rates charged by the insurance company These rates are not used to defray the costs for Plan A

October 28, Audit of Bell Retirees A sample audit is planned for the Spring 2011 Used by Bell to verify pensioner information The last audit was a census (audit of every retiree) but this time the plan is a sample only If you are not part of the audit, don’t worry your pension cheque will not be affected

Ottawa Chapter Financial Report Note: due to the confidentiality of the financial information, these slides have been excluded from this web version. Don Dutton Ottawa Chapter Treasurer

Ottawa Chapter New Business Marlyn Easterbrook Ottawa Chapter Chair

October 28, Communications Director Our BPG Board is looking for a person to replace André Bergeron as Communications Director If you would be interested in this position or know someone who may be interested, please contact me or see me at the end of the meeting

October 28, Ottawa Chapter Changes Secretary: Geraldine Foot is replacing Lancy Hum who is becoming the Corporate Secretary Membership Coordinator: John Campbell has retired as our Membership Co-ordinator & we have split the job Ed Wilton becomes our Membership Co-ordinator Betty Gauthier is responsible for Membership Communications On behalf of our Executive Committee, I wish to thank Lancy and John for their dedication and outstanding contribution to BPG. Both have agreed to stay on and help our Ottawa executive. I am happy to welcome George McDougall to our Ottawa Executive

October 28, Next Meetings Ottawa:Tuesday, May 24, 2011 Nepean Sportsplex Kingston:Wednesday, May 25, 2011 Kingston Curling Club Pembroke: TBA

THANK YOU MARC DAVIDSON

October 28, Circle of Friends Draw Prizes: three free BPG membership for 2011 Three winners from our membership campaign: Person with the most referrals Don Wilson provided 103 referrals Draw for 2 more winners We are all winners!

QUESTIONS & ANSWERS

NEXT MEETING Tuesday, May 24, :30 a.m. - 12:30 p.m. Nepean Sportsplex