There are many sad stories within Nortel’s financial demise but ranking high among them is the plight of 409 people on long-term disability.
Having made contributions into the company’s long-term disability plan, they have discovered that their payments are dependent on Nortel’s operating revenue. Sadly, if Nortel’s operating revenue disappears, it appears their long-term benefits disappear as well.
The story of Nortel’s 409 long-term pensioners is told by a comment piece in today’s Toronto Star that put the spotlight on another weakness within Canadian employment and pension laws.
Here’s a video of a Nortel employee who’s on long-term disability:
To someone on LTD who is so disabled that they cannot even entertain the idea of getting a job, when they are so busy just existing, that someone else claiming to be equally on LTD is even looking for a job, is so disgusting. Oh, you feel discouraged, pout pout, whine, whine? Reality Check! You are so, so darn lucky to have the capacity to even just talk about actually getting a job.
2010justpassin
I am the person in the video, I have been reading the commentaries… Some are pretty sad… I have to say this, I am totally unable to work. Thinking that not working is OK ? well you try it. Not working make you lose your dignity. When you are sick enough not to able to work it means that all side of your life are affected as well. taking a shower is taking most of my energy, I am in pain all the time, i am unable to cook, pay my bills on time, organize myself… i am going down more and more each day. I died at 33. I went from being an athlete to being a ghost. Now I hope i will die before jan 2010, while I still have life insurance. I am shocked to see that some of you think we are slackers. I am a single mom who took care of her son work while atending school, having two jobs while being pregnant. Nortel did disclosed it was self insurance in 2005 only. Maybe you should look at the facts, the federal government is encouraging these toxic insurances scheme by giving tax incentives without looking if the service is rendered. CPP is he first payer, means that we all are subsidizing this deadly plan of unexisting insurance. Beleive me if i would have known I would have bought insurance elsewhere. I thought I was protected, I would have NEVER jeopardize my son's security this way. I was young healthy, hard working and athletic. i would have never thought in my worst nightmare that it would happen to me. Still today I can't accept it. For the one who is wondering about my water bottle drinking, I have scleroderma so i do not have much saliva and I need huge amount of water, plus there is less fluoride in the bottled water which is a deadly poison for my son who has a kidney disease and myself as well. I am really shocked to see that anyone would think I enjoy being sick and on the credit line for life expectancy. Already two of us died, one from stress the oher from cancer and a third one has tried to commit suicide. Still thinks we are fat,happy and whinny? Well come and shoot me please put me out of my misery.
2010justpassin
I am the person in the video, I have been reading the commentaries… Some are pretty sad… I have to say this, I am totally unable to work. Thinking that not working is OK ? well you try it. Not working make you lose your dignity. When you are sick enough not to able to work it means that all side of your life are affected as well. taking a shower is taking most of my energy, I am in pain all the time, i am unable to cook, pay my bills on time, organize myself… i am going down more and more each day. I died at 33. I went from being an athlete to being a ghost. Now I hope i will die before jan 2010, while I still have life insurance. I am shocked to see that some of you think we are slackers. I am a single mom who took care of her son work while atending school, having two jobs while being pregnant. Nortel did disclosed it was self insurance in 2005 only. Maybe you should look at the facts, the federal government is encouraging these toxic insurances scheme by giving tax incentives without looking if the service is rendered. CPP is he first payer, means that we all are subsidizing this deadly plan of unexisting insurance. Beleive me if i would have known I would have bought insurance elsewhere. I thought I was protected, I would have NEVER jeopardize my son's security this way. I was young healthy, hard working and athletic. i would have never thought in my worst nightmare that it would happen to me. Still today I can't accept it. For the one who is wondering about my water bottle drinking, I have scleroderma so i do not have much saliva and I need huge amount of water, plus there is less fluoride in the bottled water which is a deadly poison for my son who has a kidney disease and myself as well. I am really shocked to see that anyone would think I enjoy being sick and on the credit line for life expectancy. Already two of us died, one from stress the oher from cancer and a third one has tried to commit suicide. Still thinks we are fat,happy and whinny? Well come and shoot me please put me out of my misery.
Nortel’s LTD Victims
There are many sad stories within Nortel’s financial demise but ranking high among them is the plight of 409 people on long-term disability.
Having made contributions into the company’s long-term disability plan, they have discovered that their payments are dependent on Nortel’s operating revenue. Sadly, if Nortel’s operating revenue disappears, it appears their long-term benefits disappear as well.
The story of Nortel’s 409 long-term pensioners is told by a comment piece in today’s Toronto Star that put the spotlight on another weakness within Canadian employment and pension laws.
Here’s a video of a Nortel employee who’s on long-term disability: