"SELF-INSURANCE" AND "ADMINISTRATED BY" MEANS:

YOU HAVE NO INSURANCE AT ALL

HELP INFORM CANADIANS OF THIS TYPE OF UNSECURE BENEFIT AND LET

YOUR MEMBER OF PARLIAMENT KNOW THAT WORKERS MUST BE PROTECTED

REPORT YOUR SELF-INSURED DISABILITY PLAN BY SUBMITTING A REPORT AT:

WWW.TOXICINSURANCE.CA

NORTEL EMPLOYEES ON LONG-TERM DISABILITY

PUSHED INTO POVERTY AS A RESULT OF MISSING CONTRIBUTIONS TO THE NORTEL "HEALTH AND WELFARE TRUST" ?

WILL THE GOVERNMENT SEE THE LIGHT AND RECOGNIZE THAT IT HAS AN OBLIGATION TO PASS BILL S-216¹ NOW SINCE IT DOES NOTHING ENSURE THESE TRUSTS ARE PROPERLY FUNDED?

¹Bill S-216 - Act to amend the Bankruptcy and Insolvency Act and the Companies’ Creditors Arrangement Act inorder to protect beneficiaries of long term disability benefits plans

WE ARE THE THIRD VICTIMS OF THESE SCHEMES IN CANADIAN HISTORY:

MASSEY FERGUSON IN THE 1980'S AND EATON'S IN THE 1990'S:

THEIR PLANS WERE "SELF-INSURED" TOO

ANY EMPLOYED CANADIAN IS A POTENTIAL VICTIM - IT'S HAPPENING RIGHT NOW TO US AND HOLLINGER EMPLOYEES ON LTD

YOU COULD BE THE NEXT
WHAT YOU NEED TO KNOW

Under CANADA REVENUE AGENCY'S legislation, employees who receive Long-Term Disability (LTD) Benefits under a self-insured HEALTH AND WELFARE TRUST or NEW "EMPLOYEE LIFE AND HEALTH TRUST" (ELHT) OR "HEALTH CARE TRUST" (HCT) will find themselves standing in line having to fight for pennies on the dollar in case of bankruptcy/insolvency of their employer or Union's Trust. In the case where their employer enters protection under the "Companies' Creditors Arrangement Act (CCAA), all protection and rights that one might otherwise have under Canadian and Provincial Laws, are irrelevant and do not apply. We’ve been advised by an independent financial analyst, Diane Urquhart, that we’ll likely end up with 15 cents on the dollar of the value of our claim which will be distributed to us at some unknown time in the future over an unknown period of time. We’ve already been told that our medical benefits will definitely be cut off and that our disability income will end by January 1, 2011 and then, we will all be fired.

When we were forced to go on disability, we immediately lost 30%, 34%, or 50% of our income, depending on the LTD coverage at the time. So, most of us cannot afford to miss even one month without it causing extreme hardship and eventually welfare, especially those of us raising a family on just our Long-Term Disability income. We will be forced to live thousands of dollars below the poverty line, if we are lucky enough to even receive Canada Pension Plan Disability Benefits - currently at 13,000 per year.