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  1. #1
    Join Date
    Jun 2007
    Posts
    224

    Canwest Refuses to Fund CHCH Pension Shortfall

    http://www.newswire.ca/en/releases/a.../28/c9201.html

    Canwest Global has informed their CHCH TV employees they are winding up their pension plan and will not fund the current deficiency. It remains to be seen how much of a cut those retirees and employees will face. At the moment Canwest Global is not seeking regulatory relief as other Canadian corporations have used in restructuring their pension obligations.

  2. #2
    Join Date
    Dec 2008
    Posts
    161

    Deficiency

    How can there be a deficiency? The pension money should not
    be handled or used for any other purpose. Conrad Black caused
    a serious problem with Dominion stores employee pension fund
    by looting it and using it for other purposes.

    Is this what happened with the CHCH employees' fund?

    That money should be untouchable.

    Or was there a chain of bad investments of those funds?

  3. #3
    Quote Originally Posted by DavidToronto View Post
    How can there be a deficiency? The pension money should not
    be handled or used for any other purpose. Conrad Black caused
    a serious problem with Dominion stores employee pension fund
    by looting it and using it for other purposes.

    Is this what happened with the CHCH employees' fund?

    That money should be untouchable.

    Or was there a chain of bad investments of those funds?
    Not hard to imagine that the person handling the investment portfolios for the fund was the same one who convinced the kids that buying A/A was a great idea.

    It would explain a lot.

    TVoR

 

 

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