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Update on NAV CANADA Pension Plan

Nov 10, 2015

Further to my October 26 update, I met with other representatives of the NCBAA and NAV CANADA to continue the discussion on the draft pension proposal. NCBAA and management were supported by their pension, actuarial and legal experts, and together discussed a number of next steps.

The discussion with very constructive and a plan of action is being developed. Members of the NCBAA will be consulted before any decisions are made with further communication as appropriate.

Our shared objective remains intact. That is, we are continuing our joint effort to find a solution to the pension issue that is agreeable to all parties.

For further information, please do not hesitate to contact me directly.


Fraternally Yours,

Daniel J Boulet

Business Manager / Financial Secretary