Dipac

Q. Why does this pensioner group need an organized association?

A. In the past our pension plan and benefits were under the sponsorship of a public company and as a result information was readily available that indicated the company's financial status. This allowed pensioners to make an informed judgement regarding the continuity of their pension and benefit security since these are directly impacted by the company's financial health. With the sponsorship of the pension plan and benefits having become the responsibility of INVISTA(Canada), the opportunity for informed judgement has ceased to exist since the financial status of the new sponsor is no longer publically available for review. As a result a much more organized approach is necessary if we are to continue to monitor the status of our pension plan and the possibility of serious problems developing. This task is best performed under the umbrella of an association rather than individually.