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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 ...
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.
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 ...
If the grantor in a revocable trust has died, making the trust irrevocable, you will need to complete the application for an EIN. To get all of your estate planning questions answered, you can ...
Section 2(b) was preserved. Workers received a 7-cents an hour pay increase, 4.25 cents an hour lower than the Kaiser Steel settlement and far lower than anything McDonald had demanded. For the first time, however, the union won an automatic cost-of-living wage adjustment as well as greatly improved pension and health benefits.
The written commitments include Nippon's pledge to invest at least $1.4 billion in USW-represented facilities, not to conduct layoffs or plant closings during the term of the basic labor agreement ...
For example, the trustees can invest the assets of the pension scheme in the company that sponsors the SSAS pension scheme – a process known as pension-led funding. This can take the form of loans to the employer and the purchase of shares in the sponsor, however, there are limits that apply. [ 3 ]