Originally Posted by
tcook052
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.
I really don't know what to make of this. Is AC managing the fund? Or is it managed by someone else, with AC responsible for making up any shortfalls?
Three unions banding together doesn't sound good. Anybody here willing to hazard an informed guess/make a prediction on how this will likely play out? Million dollar question - I know.