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Old May 30, 2011 | 4:27 pm
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tcook052
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Air Canada faces $1.6-billion pension bill
http://www.theglobeandmail.com/globe...rticle2039866/

Air Canada faces $1.6-billion in pension-funding contributions over the next four years, spurring management’s push for contentious reforms.

In contract talks this spring, the country’s largest carrier has proposed placing new hires on defined-contribution plans, which don’t provide a guaranteed level of payout upon retirement.
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