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Canadian Ruling on Retirees' Pension Rights on Use of Fund Surplus Appealed
Business Insurance;
May 12, 2005
Excerpt: A recent Quebec Court of Appeal ruling that expanded Canadian employers' control over ongoing pension plans has been appealed to the Supreme Court of Canada. In Provincial Assn. of Hydro-Quebec Retirees vs. Hydro-Quebec, the Quebec Court of Appeal in Montreal ruled in March that retirees do not have to be consulted on the use of a surplus in an ongoing pension plan (BI, April 18).
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