The plaintiff brought an omnibus motion to implement a Court of Appeal judgment in favour of a class of over 35,000 retirees regarding pension indexation.
The court approved the implementation methodology, which provides an estimated $103 million present value recovery to the class.
The court also approved class counsel fees of $10 million, a $15,000 honorarium for the representative plaintiff, and the Class Proceedings Fund levy.
Finally, relying on section 12 of the Class Proceedings Act, the court eliminated the right of class members to opt out, finding that the declaratory nature of the judgment and the 100% recovery made an opt-out right unnecessary and potentially unjust.