Creation of BPG

The BPG is formed of five (5) Chapters (under the original name Bell Pension Recovery Group), with a structure and mandate to“represent the individual and collective interests of members during the liquidation of Confederation Life assets to ensure the maximum recovery of members’ investments (l00% principal and interest)”.
The Group retains the services of the best law firm for this type of case and launches a well-coordinated campaign to obtain the support of all federal MPs and provincial MPPs and MLAs in Ontario and Quebec. A petition presented to Parliament and accepted by the House has a very significant effect.

Enhancement agreement

More than 100 articles about the cause are published in national newspapers. Several meetings with representatives of Bell followed, allowing the fruitful negotiation of an agreement with Bell on March 27, 1996 and guaranteeing an appropriate financial compensation during the liquidation of Confederation Life. Also, BPG obtains a Court decision on the payment of interest (Interest compounded at double-digit rates, which were then common).

Enhancement agreement on Confederation Life liquidation signed with Bell (Contribution would total $15M over 5 years).

Founding member

BPG distinguishes itself as a founding member of the Canadian Federation of Pensioners (CFP) created in 2004.

New Chapter: Télébec

A Memorandum of Understanding (MOU) signed in 2013 with a group of Télébec pensioners created a new chapter

Pension Plan Funding Regulations

Participation in discussions to improve bankruptcy legislation and assessing potential changes to the Pension Plan funding regulations – valuation based on “Going Concern” versus “Solvency Deficit”.

New Chapter: Bell Aliant

A Memorandum Of Understanding (MOU) was signed in 2017 with an existing association of Newfoundland & Labrador pensioners created the Bell Aliant Pensioners’ Association of Newfoundland and Labrador (BAPANL).

First Virtual National AGM

Our 25th Anniversary suspended due to world-wide pandemic; Our first Virtual National AGM was successfully held on September 15 via Zoom webinar services

BCanadian Federal Pension Proposal

CFP “Innovation Solution” proposal to the Federal government to amend insolvency legislation and enable the creation of a distressed pension facility in the event of a corporate insolvency as no real protections exist for Defined Benefit pensions when a company becomes insolvent and its pension is underfunded .

Recruiting & Following up on 1998 Indexation

BPG provided a free year of membership to existing and new members

BPG sent two letters to Bell asking them to fulfill their fiduciary duty by correcting the 1998 indexation miscalculation

Bill C-228

BPG sent a letter of support on Bill C-228 – An Act to amend the Bankruptcy and Insolvency Act, the Companies’ Creditors Arrangement Act and the Pension Benefits Standards Act, 1985 to the Senate Standing Committee on Banking, Commerce and the Economy, resulting in Bill C-228 being approved by the Senate, an historical victory for millions of Canadians who rely on defined benefit pensions for their financial security in retirement

Recently

Last June,

• BPG launched a Group Travel insurance exclusively for BPG members, resulting in amazing rates for our members 
• The Board agreed to extend membership to current and retirees that contributed to a DC (Defined Contribution) plan from Bell Canada, BCE, Télébec and Aliant

In January 2024, BPG launched a new website and members portal to offer more value to our members