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A letter sent to Canadian pensioners in July 2011 from the Nortel pension administrator Morneau Shepell announced that pensioners in Canada would have their benefits cut. A webinar held by the legal firm Koskie Minsky on July 22, 2010, addressed some of the questions raised. [19] The windup of the $5 billion Nortel pension plan began in October ...
The benefit of a trust is it can address a wider array of estate planning concerns. If you make an amendment to the trust, it impacts all assets held within that trust.
Sun Indalex Finance, LLC v United Steelworkers, 2013 SCC 6, arising from the Ontario courts as Re Indalex Limited, is a decision of the Supreme Court of Canada that deals with the question of priorities of claims in proceedings under the Companies' Creditors Arrangement Act, and how they intersect with the fiduciary duties employers have as administrators of pension plans.
The 46,000 members of the Aluminum Workers of America voted to merge with the budding steelworker union that was the USW in June 1944. Eventually, eight more unions joined the USW as well: the International Union of Mine, Mill and Smelter Workers (1967); the United Stone and Allied Product Workers of America (1971); International Union of District 50, Allied and Technical Workers of the United ...
When the 1946 collective bargaining agreement expired in 1949, the United Steelworkers demanded that U.S. Steel provide each worker a pension. The Taft-Hartley Act's provisions permitting an injunction against a strike in an industry critical to national security were invoked an hour after the United Steelworkers walked off the job on July 7. [114]
A defined contribution (DC) plan is a type of retirement plan in which the employer, employee or both make contributions on a regular basis. [1] Individual accounts are set up for participants and benefits are based on the amounts credited to these accounts (through employee contributions and, if applicable, employer contributions) plus any investment earnings on the money in the account.
United Steelworkers union endorses Biden, giving him more labor support in presidential race. March 20, 2024 at 1:30 PM ... Nippon said the deal would benefit U.S. Steel and union workers, as well ...
An arbitration board has ruled that U.S. Steel may proceed with its proposed acquisition by Nippon Steel, a deal that faces strong opposition from its workforce. The board, which was jointly ...