(pension) Former IWA workers have until the end of the month to return their pension payout with interest, or risk losing the 30 percent they left behind. Steelworkers pension board member Bob Matters said a record drop in interest rates after the massive layoffs and pension payouts a decade ago, left the overall pension plan underfunded, but current members have no cause for concern. He said a promise to pay out the remaining portions of pensions to former union members after 5 years was quashed with the permission of the Superintendent of Pensions. Matters said 2400 former members across BC have been affected by the hold-back. Recent negotiations saw the companies add another dollar-sixty an hour per worker back into the pension to maintain the strength of the $3.2 billion IWA forest industry pension plan.
(election) Nomination packages will be available starting Friday for people interested in putting their name forward for the upcoming municipal, regional, and school district elections. The nomination packages provide the necessary documents required for nomination as well as general information about the election process. While candidates can declare their candidacy at any time, legislation requires that they document all expenses and contributions from the moment of their declaration. Nomination forms have to be completed by October 10th. The election is on November 15th.
Three athletes representing the Valley and the Sproat Lake Watersports Association returned from the Canadian National Wakeboard Championships in Ontario over the weekend with some hardware. Mason Shadlock won the Boys division while brother Deklon took third place. Syvanna McNichol won the Girls division.