SAMPLE LETTER

The Honourable Dalton McGuinty

Premier of Ontario

Main Legislative Building, Room 281

Queens Park

Toronto, ON M7A 1A1

Dear Sir:

I am a Stelco retiree and I am writing to you because I have serious concerns regarding the future of our pension plan payments.

As you know, Stelco is making no solvency deficiency payments to their various pension plans because they have been exempted from doing so as a result of Regulation 5.1. Accordingly, the funds are grossly underfunded on a solvency basis. As I understand it, the reason for the exemption was based on a “too big to fail” concept which clearly does not apply in Stelco’s case. I am therefore asking you and your Government to rescind or modify Regulation 5.1 to force Stelco to begin funding the deficiency, so that over a reasonable length of time it will be eliminated. Since Stelco has recently returned to profitability it is not only affordable but also appropriate that this action be taken. If action is not taken now, pensioners will be in a more precarious situation when Stelco exits the CCAA process than they are at present. In my view this would be unconscionable.

I appreciate you taking the time to address this serious issue.

Yours truly,