Annuity Rates for Former Nortel Employees

Preface

For approximately 20,000 Canadian pensioners and former employees of Nortel Networks the long wait is over and you can start to receive your monthly income from your Nortel Pension Plan. On May 12, 2015, the Ontario Superior Court released a decision requiring the allocation of assets from the sale of Nortel's business and intellectual property be distributed based on a pro rata approach for the Nortel Pension Plan Windup.

Canadian pensioners, retirees and disabled employees, are to receive a fair and equitable payment of their claims as the Canadian Creditor's Committee (CCC) also advocated pro rata as the most equitable allocation method.

Free for Former Nortel Employees

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Annuity Rates for June 3, 2015

Monthly income based on a premium of $100,000.00 of funds. Payments will commence in one month with a no guarantee period.

Male Annuity Rates

Female Annuity Rates

Joint Annuity Rates

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Here is an example of a typical quote you can expect to receive. It includes all the available annuity rates from all the Canadian insurance companies that sell life annuities in Canada.

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Your Nortel Pension Plan Tailored to You

Your personal pension package will be tailored to your specific pension entitlement. It will explain the options available to you which include a life annuity or annuities or a lump sum transfer. All pension information to help you make the best choice will be included and will be dependent on whether you are a retiree or a deferred pensioner.

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Annuity Details

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First Annuitant

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