News Story

Toronto Hydro Appeal

February 10, 2011

On February 10, 2011, the SC and the OMERS Administration Corporation were served with a “Notice of Application” filed with the Ontario Superior Court of Justice by the Toronto Hydro Corporation. Toronto Hydro is seeking to void a change to the Plan approved by the SC in June of 2009. Pursuant to the Plan change, earnings for pension purposes are capped at 150% of contributory earnings calculated before incentive pay. (Click here for further information on 2009 Plan changes.)

The Plan change became effective January 1, 2011.

A preliminary hearing is currently set for late March.