Michelin Canada Retirees to Appeal Pension Fund Decision

A Canadian newspaper reports that retired Michelin employees in that country intend to appeal the ruling that found their former employer not guilty of any wrongdoing regarding the company’s pension fund. On October 30 the Supreme Court in Nova Scotia stated that the company has fulfilled its obligations in terms of contributions to the pension plan, however, according to the Nova Scotia Chronicle Herald, court documents indicate an appeal has been lodged on behalf of all members and beneficiaries. The court documents were submitted this week by the lawyer representing Everett Smith, a member of Michelin’s pension plan.

Between 1984 and 1988 and then between 1995 and 2001 Michelin North America (Canada) covered its required annual contribution to the pension fund using a surplus in the plan – money the former employees want returned to the fund.