Pension plans in danger
TORONTO (Reuters) – Canadian companies are warning the government they could go bankrupt without relief from federal pension funding standards, that are harder to meet due to the recent market sell-off, the Globe and Mail newspaper said Wednesday. The Office of the Superintendent of Financial Institutions, which oversees about 1,400 federally regulated pension plans, confirmed that it has met with companies which are concerned the market turmoil will make it difficult to meet their pension funding requirements… Read the rest of the article About the author Istvan Horvath is an author, blogger, former journalist, a passionate advocate of the Baby Boomers, and the founder
