Mr. Speaker, in the late fall of 2002 it was determined by an independent actuary that the Cape Breton Development Corporation held surplus funds in both the contributory and non-contributory pension plans. In claiming rights to these funds, the corporation filed court proceedings which were later dismissed by the Office of the Superintendent of Financial Institutions.
The pensioners and widows of former coal miners who contributed to these surplus funds through the acceptance of contract concessions and wage scales far below industry standards are entitled to be fairly compensated in this case.
Could the Minister of Natural Resources tell the House when these good people can expect a resolution to their case?