Ontario · CCAA

The purpose of this tenth report of the Monitor (the "Tenth Report") is to address the Company's motion with respect to: a) seeking this Honourable Court's advice and direction in the determination of an appropriate transfer ratio (the "Transfer Ratio"), as defined in the Pensions Benefits Act, R.S.O. 1990, c. P.8 (the "PBA") and the regulations thereto (the "Regulations"); and b) applying the Transfer Ratio, without filing updated actuarial reports with the Superintendent of Financial Services Commission of Ontario (the "Superintendent"), to the beneficiaries' requests for commuted value transfer payments from the Nortel Networks Negotiated Pension Plan (the "Negotiated Plan") and the Nortel Networks Limited Managerial and Non-Negotiated Pension Plan (the ''Non-Negotiated Plan" and, with the Negotiated Plan, the "Plans")

Court officer report · 22 May 2009