MTS Allstream decision: the aftermath

Union scores victory over company use of pension surplus
By Danielle Harder
||Last Updated: 03/12/2010

A Manitoba union is claiming victory after winning a nearly 13-year battle with MTS Allstream Inc., but its celebration has been somewhat tempered.

In 1997, the former provincial Crown corporation was sold and privatized. Employees and retirees were assured by the province and MTS that their new pension plan benefits would “mirror” their old ones. The dispute revolved around a $43-million pension surplus that existed at the time of the sale.