Worker Pensions News Today

Unifor welcomes news that fully funding the workers pension plan is part of the agreement reached between the Province of Nova Scotia and Paper Excellence

Notice of a new addition to the tax code, section 401(k) offered workers a tax-freeway to defer compensation from bonuses and stock options. when a benefits consultant suggested companies extend those benefits to retirement savings accounts, the idea took off. as originally conceived, these new 401(k) retirement plans were meant to complement worker pensions. but then companies looking for an easy way to save a buck, started shifting their workers into 401(k)s and away from pensions. for workers...

Money. >> you got 17,000 employees that will lose their job that we are -- our pensions will be at stake here. our livelihoods will be at stake. >> it will be probably the saddest thing thats ever happened in los angeles. >> last year, the not for profit catholic hospital chain thought it found its savior, prime healthcare a for private company that specializes offers hospitals. offering to buy hospitals even committing to cover worker pensions it was a deal that won multiple endorsements even f...