604-689-7555 or 1-800-689-2322
VIEW ACTIVE CLASS ACTIONS

Class Action Updates

March 24, 2020

اطلاعات راجع به ادعاهای جبران خسارت (به زبان فارسی) Compensation Claims Information (in English) CFM Lawyers is a Vancouver based aviation law firm. We act…

February 12, 2020

Settlements have been reached with all defendants in the Automotive Wire Harness Systems action. The Courts have approved a protocol for the distribution of the…

January 29, 2020

The British Columbia ODD class action has been certified on behalf of a national class.

REFERRALS
INFORMATION FOR LAWYERS LOOKING FOR LEGAL EXPERTISE IN BC AND CANADA

21. What did you assume when you calculated how much money to give each claimant?

We made a few assumptions when we calculated how to divide up the settlement amount. These assumptions apply to calculation step (a) from FAQ#20. With all of these assumptions, our goal was to divide the money in a way that was fair and reasonable.

The important assumptions are:

  • Salaries from 1992 forward increased to match the Average Industrial Wage Index (because this is the most widely used measure of salaries and wages in Canada, used in many contexts including by the CPP);
  • In calculating how much claimants would have had if they had stayed in the DB plan (see step (a) from FAQ#20, the actuary experts used the methods and assumptions prescribed by the Canadian Institute of Actuaries (because their methods and assumptions are the universal standard for these kinds of calculations); and
  • In calculating what claimants now have under the DC plan, we assumed that all funds were invested in the PH&N “Balanced Trust” Fund (because the law requires claimants to invest reasonably – see FAQ#26 for more information).

Posted in: Questions About Sharing in the Settlement Funds (Distribution Protocol Questions), Teck/Cominco Class Action FAQs

BACK TO TOP
Do NOT follow this link or you will be banned from the site!