Welcome

WELL, IT HAS BEEN QUITE A YEAR!

HOPEFULLY, YOU AND THOSE CLOSE TO YOU SURVIVED THE CHANGES BROUGHT ON BY COVID -19.
THERE WAS ONE REAL POSITIVE MEASURE IN TERMS OF THE SECURITY OF OUR MEMBERS.

THE ANNUITIZATIONOF THE BASE PENSION EFFECTIVE IN JULY OF 2020
IMPACTED ABOUT 85% OF OUR MEMBERS AND MADE THEIR INCOME SECURITY MUCH MORE ROBUST.

FOR THOSE NOT COVERED BY THE ANNUITIZATION WE WILL CONTINUE TO WORK WITHIN THE CANADIAN
FEDERATION OF PENSIONERS TO ADDRESS THE SHORTFALLS OF BOTH THE FUNDING RULES SET BY THE
PROVINCE OF ONTARIO AND THE FEDERAL LEGISLATION GOVERNING BANKRUPTCY AND RESTRUCTURING.
PLEASE CONSIDER WRITING, PHONING OR MEETING WITH YOUR ONTARIO MPP AND FEDERAL MP TO LET
THEM KNOW YOUR INCOME SECURITY IS IN THEIR HANDS AND YOU WANT ACTION NOW TO PROTECT
THOSE WHO DEPEND ON THE PENSION LEGISLATIVE FRAMEWORK.

THE SOCIAL DISTANCING REQUIREMENTS CURTAILED OUR SOCIAL EVENT CALENDAR. 

WE WILL MONITOR THE VARIOUS REQUIREMENTS AND THE DEVELOPMENTS RELATIVE TO VACCINATION WHICH COULD AFFORD THE LEVEL OF PROTECTION NECESSARY FOR FUTURE SOCIAL EVENTS.
AT THE BOARD LEVEL, PEARL DAVIES RESIGNED AND ARTHUR WOLFRAM HAS AGREED TO JOIN US ONCE
AGAIN. WELCOME BACK ARTHUR AND THANK YOU PEARL.

WE FACED A CHALLENGE IN TERMS OF CONDUCTING AN AGM REQUIRED BY LEGISLATION WHEN OUR BYLAWS
DID NOT SUPPORT ELECTRONIC MEANS OF CONDUCTING SUCH A MEETING. WITH THE SUPPORT OF A GROUP LED
BY LOU IENNA AND ANNA PETROZZI WE WORKED WITH LEGAL INPUT AND HELD OUR AGM VIA ZOOM WHERE
THE BYLAWS WERE AMENDED TO ALLOW FOR FUTURE TECHNOLOGICAL DEVELOPMENTS.
ADDITIONALLY, THE AGM ESTABLISHED A NEW LEGACY CLASS OF MEMBERSHIP TO FORMALIZE THE WAIVER OF
DUES FOR THOSE FULL MEMBERS AGED 85 AND ABOVE. IF YOU ARE A FULL MEMBER AGED 85 AND ABOVE
PLEASE CONTACT LOU IENNA SO THAT WE WON’T BE REMINDING YOU OF DUES ARREARS GOING FORWARD.
THIS WOULD SAVE US A LOT OF TIME AND EFFORT. IF YOU ARE NOT A LEGACY CANDIDATE PLEASE ENSURE
YOUR DUES ARE UP TO DATE.

WE HAVE SOME QUESTIONS. DID THE AGM FORMAT MEET YOUR NEEDS? DID YOU APPRECIATE GETTING THE
INFORMATION DIRECTLY RATHER THAN WAITING FOR IT TO BE POSTED ON OUR WEBSITE? WAS THERE ANYTHING
WE COULD HAVE DONE BETTER APART ROM THE VOTING TALLY WHICH WE HAVE ADDRESSED? COMMENTS BY
EMAIL OR ON THE FACEBOOK PAGE WOULD BE APPRECIATED.

WITH RESPECT TO OUR FORMER EMPLOYER, THE PEUGEOT/FCA MERGER IS AWAITING APPROVAL WHICH
APPEARS TO BE ON TRACK FOR THE FIRST QUARTER OF 2021. THE NEW GROUP STELLANTIS CEO WILL BE
CURRENT PSA CHIEF EXECUTIVE CARLOS TAVARES WITH FCA CHAIR JOHN ELKANN AS CHAIRPERSON OF A BOARD
OF 11 MEMBERS. STELLANTIS WILL THE WORLD’S FOURTH LARGEST AUTOMAKER WITH ESTIMATED
ANNUAL SALES OF 7.9 MILLION VEHICLES. IT WILL BE DOMICILED IN THE NETHERLANDS AND LISTED IN PARIS,
MILAN AND NEW YORK.

STAY SAFE AND ENJOY THE HOLIDAYS AS MUCH AS POSSIBLE AS WE LOOK FORWARD TO A BETTER YEAR.

Cody Cooper

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