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July 24, 2006
City of Toronto and former employees reach settlement agreement on benefits
  
At its June 27, 28, 29, 2006 meeting, Toronto City Council ratified a Memorandum of Settlement between the City of Toronto and retired former management employees of the former Municipality of Metropolitan Toronto with respect to post age 65 retirees’ entitlement to prescription drug coverage in their benefits plan.

In 2003, retired former management employees of the former Municipality of Metropolitan Toronto filed a claim in the Ontario Superior Court of Justice that the post age 65 retiree benefit plan included entitlement to prescription drugs. The City of Toronto took the position that prescription drugs were never covered under the post age 65 benefits plan. In 2004 the proceeding, with the agreement of the City, was certified as a class action by the Court.
Following an extensive mediation process earlier this year, the parties signed a Memorandum of Settlement. Both parties believe that the settlement is a fair and appropriate resolution of the claim. The Memorandum requires the consent of both City Council and the Court, in accordance with the Class Proceedings Act.

The Memorandum of Settlement will next proceed to the Ontario Superior Court of Justice where both parties will seek the Court’s approval.


Media contacts:
Ivana Zanardo, Director, Pension, Payroll & Employee Benefits Division, 416-397-4143
Cindy Bromley, Communications Manager, 416-392-4993


 

 

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