A Hudson's Bay store in Montreal. Two employees at the insolvent retailer are seeking legal action regarding their pension plan surplus.

Two former Hudson’s Bay Co. employees are seeking to launch a class-action lawsuit, arguing that thousands of retirees – not the insolvent retailer – are entitled to receive the surplus in their pension plan.

The proposed class action was briefly mentioned during a separate court hearing Monday, where Hudson’s Bay was granted an extension in the court process in order to settle remaining asset sales and wind up the business.

The notice of application in the lawsuit, which was filed with the Ontario Superior Court of Justice in June, names as defendants Telus Health Ltd. – the pension plan’s administrator – and RBC Investor Services Trust, which is

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