Introduction

In our March 2004 update about the funding of the CSI pension plan, we told you that our actuaries expected the plan would have a funding shortfall as at August 31, 2004. We also described the next steps that the CSI trustees would consider in that event, and promised to keep you informed. This update contains the latest information about the plan funding.

In addition, this Update has information on Indexing and a new benefit choice at retirement. The indexing section reviews the next phase of indexing and the status of the temporary 2% Plan option. The new benefit choice at retirement is called a “Pop-Up” benefit and provides an additional option for you at retirement.

Full Issue: No. 156 - April 27, 2005

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