Prue demands action for release of worker’s surplus pension funds

Today in Question Period, Beaches-East York MPP Michael Prue demanded that that the Finance Minister take immediate action on behalf of dozens of laid off workers from Unilever Corporation. 

The workers were laid off in 2002 when their plant closed. It was discovered that Unilever had surplus pension funds that are owed to the laid-off workers.  134 members were entitled to receive funds, but 5 have since died. 87 of those workers have banded together to fight for their entitlement.

 According to one of the workers involved and a constituent of Prue’s, the surplus was valued by an actuary to be $73 Million in 2002 and shared between six plants. 

“Does the Finance Minister think that 11 years is a reasonable amount of time for these workers to wait? Will the Minister now instruct FSCO to take immediate action on this file so these workers can finally receive their money?” Prue asked.

Randy McKibbon, one of the laid off workers said “Believe me when I say that this is a big deal to us. We greatly appreciate that Michael Prue is trying to help us get what is owing to us. We need that money to help make ends meet.”

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