The Wind-Up Report, which determines the amount of pension benefits payable to members, has been submitted to the Pension Regulator and approved.
The pension options forms and transfer options forms setting out benefit entitlements will be sent to members in the summer of 2012. All pension options forms and transfer options forms are asked to be completed and returned to our office within 45 days of receipt and no later than 90 days after the mailing date shown on the forms.
We are currently working with Ernst & Young, the Monitor of Grant Forest Products Inc., and our legal counsel to determine the viability of a claim for the Plan deficit.
We will proceed with the distribution of benefits from the Plan after the Plan deficit recovery matter is resolved. We anticipate that the distribution of benefits may take place at the end of 2012.