A group of pensioners of the C$7.5 billion Canadian National Railway Co. pension fund filed a claim in the Ontario Court seeking C$175 million in payment to the fund in connection with allegedly improper contribution holidays taken by the railroad, according to the prospectus for the stock offering to privatize the company.
The prospectus notes the company's ``intention to vigorously defend'' itself against the claim by the National Council of CN Pensioners' Associations Inc. The fund has a C$322 million unfunded liability. The company's pension cost in 1994 was C$96 million.
The $13.1 billion Illinois Teachers' Retirement System, Springfield, is considering increasing its venture capital allocation, said Robert Daniels, executive director. The board hasn't determined yet by how much it will increase the allocation or in what areas.