WELCOME! Ottawa Chapter Spring AGM Meeting May 28, 2013

AGM Agenda 9:30 Welcome & Introduction Marlyn Easterbrook 9:40Treasurer’s Report Don Dutton 10:00President’s Report Dan McDonald Q & A 11:00 ~ Break ~ 11:25 Guest Speaker – Peter McKenna Executive Director: Rideau Community Health Services 12:25Wrap Up 12:30Meeting Close May 28,

Video of President’s Report on Website May 28,

Communications Facebook LinkedIn May 28,

!!!!! RECRUITMENT !!!!! May 28,

NEXT MEETING Tuesday October 29, :30 a.m. - 12:30 p.m. Nepean Sportsplex May 28,

Ottawa Chapter- Financial Report May 28, 2013 Don Dutton Ottawa Chapter Treasurer

Financial Summary – BPG Inc. Year ending Dec. 31, REVENUES215,976214,740 EXPENSES165,599175,222 Excess Rev/Exp50,37739,518 Total Members10,05910,179 May 28,

Paid Membership – Ottawa Chapter Year ending Dec 31, 2012 Year Members Increase (46) (25) (96) May 28,

Financial Summary – Ottawa Chapter Year ending Dec 31, REVENUE25,403 27,140 Transfer to Corporate13,220 12,620 EXPENSES6,2699,919 Excess Rev/Exp5,9144,978 Bank Account *36,25132,956 Total Paid Members1,2351,331 *Includes Deferred Member Fees & PayPal Income May 28,

Financial Summary – Ottawa Chapter Year ending Dec 31, 2012 Revenue Member Fees25,06027,140 Other Income Total Revenue25,40327,517 Expenses Meeting Facilities & Expense 2,8133,585 Postage & Printing8552,834 Telephone (Conf. Calls)690 Office Supplies Office Equipment3182,095 Gifts/Donations50100 Membership Promotion1, Bank Charges94130 PayPal Fees Total Operating Expense6,2699,919 Transfer to Corporate13,22012, Excess of Rev/Exp5,9144,978 May 28,

Financial Summary – Ottawa Chapter Balance Sheet Year ended Dec 31, 2012 ASSETS Current Assets- Bank Account36,218 - PayPal Account 34 - Pre-Paid Expense Total Assets36,409 LIABILITIES & EQUITY Current Liabilities - Prepaid Memberships , to , Total Current Liabilities14,940 Total Equity - (Retained Earnings + Net Income 2012)21, Total Liabilities & Equity36,409 May 28,

BPG Ottawa Chapter How your money was spent in 2012 May 28,

Fiscal Year 2013 As of May 16, 2013 Member Database1,443 Paid Membership – (70%) Revenue (Membership fees) & Beyond 20,380 Interest & Other 289 Total Revenue21,089 ExpensesPostage & Printing488 Office Supplies52 PayPal Fees129 Bank Charges39 Total Operating Expense709 Transfer to Corporate10,380 Net Income YTD10,000 May 28,

Ottawa Chapter Balance Sheet As of May 16, 2013 ASSETS Current Assets - Bank Account20,054 - PayPal Account 1,034 - Reserve Account-GIC15, Total Assets36,088 LIABILITIES & EQUITY Current Liabilities - Prepaid Memberships , to , Total Current Liabilities4,620 Total Equity - (Retained Earnings + Net Income 2013)31, Total Liabilities & Equity36,088 May 28,

Approval of Auditors In accordance with the new Not for Profit regulations I move – That the firm BDO Canada be retained as the auditor for BPG until the close of the next annual meeting at the remuneration agreed to in the response – Request for Audit Services May 28,

Approval of Financial Audit for 2013 In accordance with the new Not for Profit Corporations regulations I move – That BDO Canada be asked to conduct an audit engagement instead of the default review engagement as required under the new Canada Not for Profit Corporations Act May 28,

Bell Pensioners' Group May – June 2013 President's Report Presented by Dan McDonald

Summary Changes to By-law No. 1 Establishment of a new Chapter Plan Performance Indalex Decision Focus for 2013 BPG Board of Directors May 28,

By-law No. 1 The Act has changed and not-for-profit corporations must make sure that their By-laws are consistent with the new Act The new Act forces some changes to the BPG By-law All Board directors must be elected, including that the Chapter chairs being appointed to the Board automatically At the same time, other changes are proposed to simplify organizational change May 28,

By-law No. 1 Outlines Rights and responsibilities of members Organization of BPG Obligations of the BPG Board Must be approved by membership Must be approved by Industry Canada Must conform to the Canada Not-for-profit Corporations Act (NFP Act) May 28,

Objectives for By-law Changes Compliance with the new Act No change of members' rights Organizational flexibility May 28,

By-law Changes – Chapter Chairs Until now: each chapter chair, elected by that chapter's members, automatically sits on the Board With new Act: members of each chapter will elect one Director to sit on the Board, and that Director will also be the Chapter Chair End result: no practical change May 28,

Other Changes (required by Act) Notice of meetings: 21 days (up from 14) Financial statements: must be made available days before AGM 2/3 voting majority needed to change any By- law provisions affecting Members' rights Voting process & notice of meetings Special general meeting must be called if 5% of members request it (previously: 25%) May 28,

BE IT RESOLVED AS A SPECIAL RESOLUTION THAT: 1.The directors of the Corporation are authorized and directed to make an application under section 297 of the NFP Act to the Director appointed under the NFP Act for a Certificate of Continuance of the Corporation; 2.The Articles of Continuance (transition) of the Corporation, which have been submitted to this meeting and are annexed to these minutes as Schedule A, are approved; May 28,

BE IT RESOLVED AS A SPECIAL RESOLUTION THAT: 3. The general operating By-law of the Corporation (as amended) is repealed effective on the date that the corporation continues under the NFP Act and the new general operating By-law No.1 which has been submitted to this meeting and is annexed to these minutes as Schedule B is approved and will be effective on the same date. 4. Any one of the officers and directors of the Corporation is authorized to take all such actions and execute and deliver all such documentation, including the annexed Articles of Continuance (transition), the notice of registered office and of directors in the forms fixed by the Director, which are necessary or desirable for the implementation of this resolution. May 28,

Motion Approval of By-law changes May 28,

Establishment of a new Chapter In early 2012, retirees from Télébec sought the possibility to join BPG. Since they were under Bell Aliant’s accountability, BPG did not have access to the information related to their DB Pension and Benefit plans. BPG proposed to Télébec’s retirees the establishment of a new Chapter which would provide the required expertise to answer requests associated to their DB Pension and Benefit plans. May 28,

Establishment of a new Chapter (cont’d) Value added for BPG: Consolidating Bell/BCE DB Pension retirees under one entity Providing BPG more influence facing Bell/BCE and Government Focusing one voice and one direction when negotiating with BCE and Government Better understanding of other DB pension plans managed under Bell/BCE Increasing BPG’s membership Getting closer to the members in the regions May 28,

Plan Performance ($M) Plan Valuation Report as of December 31, 2011 Solvency Shortfall $3,134.6M Solvency Ratio 79.7% Return on Assets 4.95% May 28, Fully Funded Market Value Actuary Value Trend

Bell’s Contribution in 2012 May 28, Bell excess prepayments as of December 31, 2011 Used to reduce the amortization payment 2012 contribution DB & DC normal cost and special advance contribution Minimum amortization payment required in 2012 Bell excess prepayments as of December 31, 2012 Bell excess prepayments going in 2013 $1,142.8 M $750 M $ M $ M $1,327 M + = = _

Indalex Decision Ontario Court of Appeal ruling gave pensioners claims priority above those of other creditors, including the debtor-in-possession (DIP) lenders The Supreme Court of Canada agreed that while the deemed trust established under provincial law did confer a priority on the pensioners, the laws of the federal government are paramount when federal and provincial laws conflict May 28,

Indalex Decision As the DIP priority came under the federal law, it superseded the priority granted under the provincial law Bad news for those pension plans that fall completely under federal jurisdiction BPG must continue its efforts with the Federal Government to enshrine pension protection safeguards in federal legislation or regulations May 28,

Security of our Pension Promise BPG Focus for 2013 BPG will continue its efforts with the Federal Government to enshrine pension protection safeguards in federal legislation or regulations - Letter to Minister Flaherty Follow-up of the d’Amour Expert Committee Report Key topics the Pension Committee will pursue in 2013: 1.Corporate Restructuring 2.Indexation Calculations 3.Trade COLA for Enhanced Pension 4.Pension vs Annuities 5.Valuation Methods 6.Investment Strategies May 28,

BPG Board Dan McDonald (President) Charlie Labarge (Vice-President) Penny Gilray (Treasurer) Lancy Hum (Secretary) Committees Roberte Cadieux (Communications) Bob Farmer (Governance) Bob Bartlett (PC, Nominations) Marg Eades (PC) Ron Hunt (Governance) Jean-Luc Geha (Audit) Michel Doyon (Audit & PIC) Louise Touchette (Nominations) Sue Dawes (Alternate PIC rep) Chapter Chairs Marlyn Easterbrook (Ottawa) Titus Ramkhalawansingh (Toronto) Frank Bible (SW Ontario) Robert Guay (Montreal) Jean Lamer (Quebec City) Norm Kelly (Télébec) May 28,

Q & A May 28,

NEXT MEETING Tuesday October 29, :30 a.m. - 12:30 p.m. Nepean Sportsplex May 28,