Message-ID: <17463856.1075853546913.JavaMail.evans@thyme> Date: Tue, 5 Dec 2000 15:40:00 -0800 (PST) From: michelle.cash@enron.com To: fmackin@aol.com Subject: Re: Celgar: Pension Plan for Non-Union Employees Mime-Version: 1.0 Content-Type: text/plain; charset=ANSI_X3.4-1968 Content-Transfer-Encoding: 7bit X-From: Michelle Cash X-To: fmackin@aol.com X-cc: X-bcc: X-Folder: \Michelle_Cash_Nov2001\Notes Folders\All documents X-Origin: Cash-M X-FileName: mcash_NonPriv.nsf more . . . I've forwarded this issue to Dee. MHC ---------------------- Forwarded by Michelle Cash/HOU/ECT on 12/05/2000 11:33 PM --------------------------- From: Peter del Vecchio on 12/05/2000 09:07 AM To: "Dean Crawford" @ENRON cc: "Brian Hiebert" , pdelvec@ect.enron.com, Michelle Cash/HOU/ECT@ECT Subject: Re: Celgar: Pension Plan for Non-Union Employees Dean, Michelle Cash is responsible for all employment, union and benefits issues. I will let her make that call. Thanks, Peter del Vecchio "Dean Crawford" 12/04/2000 08:41 PM To: cc: "Brian Hiebert" Subject: Celgar: Pension Plan for Non-Union Employees Mr. Del Vecchio, ? We have received materials concerning the pension plan for non-union employees at Celgar. The company's latest actuarial report disclosed that as of January 1, 2000: ? 1. The going-concern liabilities exceeded the actuarial value of assets by? C$1,922,342; and ? 2.? The solvency liabilities exceeds the market value of plan assets by? C$1,805,819. ? We have also received the full text of the plan and its amendments. ? Will you be reviewing these matters internally or shall we retain a local actuarial firm to perform the due diligence?