Union Says University Pension Cut Violates Pension Benefits Act

2018-03-29T09:34:09-07:00March 29th, 2018|Categories: Pension Funding|Tags: , , |

Striking workers at a Canadian university have complained to a government agency that a 15-year-old provision in their pension plan, allowing their employer to reduce their pension benefits, is invalid. Lawyers for the Canadian Union of Public Employees (CUPE) Local 2424, which represents striking workers at Carleton University, filed a complaint with the Financial Services Commission of Ontario (FSCO), saying that a 2003 pension plan amendment violated Ontario’s Pension Benefits Act. […]