Canada reaches agreement on expanding national pension plan
Published Updated
5 Min Read
More From Employee Benefit News
Trump escalates global trade war, sparking tit-for-tat tariffs
Trump delivered on his threat to hit Canada and Mexico with sweeping import levies and doubled the charge on China.
Out of workers, Canada is throwing its doors open to migrants
The move adds to an intensive effort to ramp up immigration to fill record-high levels of job vacancies as the country faces one of its tightest labor markets in decades.
Group annuity, lump sum plan to help Motorola unload pension liability
Motorola Solutions is incorporating a new group annuity and lump sum payment plan into the makeup of its traditional defined benefit plan that will help the communications company shave $4.2 billion in growing liabilities and benefit payments off its balance sheet.
Verizon pension plan members can sue as group over transfer
A federal judge has ruled that the pension beneficiaries can sue the company as a group over its transfer of $8.5 billion in plan obligations to Prudential Insurance Co. of America.
Pension Funding Agreement Causes Sponsors Stock to Leap
Air Canada stock gained the most in a week after the carrier reached an agreement with the Canadian federal government to extend a cap on pension funding by seven years, vividly demonstrating the impact of pension obligations and the price of publicly traded sponsors common stock shares.