MTS Allstream settles pension lawsuit, pending court and regulatory approval

WINNIPEG - MTS Allstream has reached agreement with its unions and retirees over a pension dispute that dates back some 17 years.The lawsuit regards the administration of one of MTS's pension plans that occurred in connection with the company's privatization in 1997, and was the subject of a decision of a Supreme Court of Canada ruling in January. MTS Allstream said it and its outside advisors have worked closely with its unions and retiree representatives to develop an implementation plan, which was unanimously agreed to late Wednesday by all parties. The settlement agreement provides that:- Total enhanced benefits available under the...