From the Pension Fund Society

Bylaw amendments approved by Board of Directors

Pension Fund Society Bylaw Amendments, May 28, 2012

Annual General Meeting Newsletter, June 2012

May 31, 2012

To All Members:

The attached Bylaw amendments were approved by the Board of Directors of the TTC Pension Fund Society at their meeting of May 28, 2012, they received Commission sanction on May 30, 2012 and they have been filed with the Regulators. As the Annual General Meeting Newsletter is already in production, these amendments have been sent under separate cover. These amendments are to implement the plan improvements effective January 1, 2012 for a 1 year update to the base period, a 1 year update to the Survivor Benefit Date and a 1% ad hoc indexing increase for pensioners.

Membership approval of these Bylaw amendments, along with the amendments printed in the Newsletter, will be requested at the Annual General Meeting, which is being held on Saturday, June 16, 2012 at the Ontario Institute for Studies in Education (OISE/Auditorium), 252 Bloor Street West, east of St. George Avenue, on the north side of Bloor Street.  You are encouraged to attend the Annual General Meeting.  Please bring your TTC transportation pass for identification as voting cards will be issued.

Sincerely,

Cheryl Uroda