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Employee Savings Plan Published: December 29, 2008
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Employee's Savings Plan Bell Technical Solutions is proud to inform you that the Employees’ Savings Plan (ESP) will be reinstated and all the shares that you have already accumulated will remain in your online account.
Changes to contribution level and new participants The contributions will automatically be reinstated. Employees wishing to make modifications to their level of contribution will have to complete the enrolment / change form available on the Intranet and send it to Benefits department before January 31st, 2009.
Since the beginning of 2008, the plan had been closed to new participants. During January 2009, before the reinstatement of the plan, you will have the opportunity to enroll if you would like to join.
ESP contributions In February 2009, the ESP will be reinstated. Contributions will automatically resume on March 4, 2009, which is the pay date covering days worked from February 8 - 21, 2009.
ESP share transactions All the shares that you have accumulated in your ESP account including shares purchased in 2008 with company contributions will now be available for online transactions. Unlike past years, you won’t have to wait for January 2009 to transfer or sell your 2008 shares. You may also leave your shares in your ESP account for as long as you wish since you can withdraw your shares at anytime during the year.
As usual, the cost to sell shares is $35. You can transfer shares to a broker free of charge once per year. Any subsequent transfer will be 25$. So if you have already transferred shares in 2008, you will be charged a fee of $25 if you decide to transfer your shares to a broker before the end of the year 2008. To withdraw shares, go to the Benefits site at www.benefits-avantages.hroffice.com and click “Withdraw shares” on the left navigation bar of the site’s home page.
Dividends BCE has declared a fourth quarter dividend for shareholders on record December 23, 2008, which will be payable January 15, 2009. Please keep this in mind in planning your ESP account transactions. Reinstated common share dividend BCE has reinstated its common share dividend and declared this morning its fourth quarter of 2008 common dividend. For shareholders of record as of December 23, 2008, a quarterly dividend per share of $0.365 will be paid on January 15, 2009
BCE share certificates Some employees hold BCE shares in certificate form and may have already submitted these to Computershare Investor Services. Computershare will return you a share certificate representing your deposited BCE shares and any ancillary documents it received by first class mail as soon as practicable. For more information, investors may contact Computershare at 1-800-564-6253.
Should you have questions on the ESP, please contact the Benefits Administrator at 1 866 828 3539
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