Noranda Income Fund Unit T.NIF.UN

Primary Symbol: NNDIF

Metals & Mining Industrial Metals & Minerals

Noranda Income Fund is a Canadian based income trust. The fund owns the electrolytic zinc processing facility and ancillary assets located in Salaberry-de-Valleyfield, Quebec. It produces refined zinc metal and by-products from sourced zinc concentrates. The fund's long-term objective is to maximize unitholder value and provide monthly distributions to unitholders.

OTCPK:NNDIF - Post by User

Noranda Income Fund Unit

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Comment by BlutoBlutarskion Apr 10, 2017 10:06am

209 Views

Post# 26099898

RE:RE:issues on pensions / usw

The pension fund is over-funded (114% if I recall correctly) at present and management wants to increase the age of eligibility to be changed from 58 to 60. Most people would think that these are reasonable requests.

Eric1212 wrote: In this case, it's CEZinc that ask things to the workers. The workers didn't ask new things but CEZinc asked them to participate intoo the pension plan that was 100% financed by CEZinc before...

xprobe wrote: This matter may have been allready hashed over on this board, regarding Nif and the Usw nagging over pension. Can someone confirm the following article is acurate?

https://www.newswire.ca/en/releases/archive/March2017/02/c2402.html

Would anyone have info on what the workers are looking for? ...what they have in place... the type of pension i.e. indexed to inflation. ...how much extra potential financial weight?