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Hampton likes use of trust for pension Posted By By Jon Thompson Posted 3 mins ago Kenora-Rainy River MPP Howard Hampton is throwing his weight behind a plan to put the pensions of former Abitibi workers in trust. Comparing the proposal to pensions in the United States under bankrupt companies, Hampton said the system had worked "very well" there and that it could protect AbitibiBowater from up to $1.4 billion in liabilities as it undergoes restructuring. "It's not just the forest sector, there are a number of sectors of the economy where pension plans are in trouble," he said. "What's important to note is unlike the auto sector where we're going to put in a whole bunch of cash, this doesn't call on the government to put in any cash. Ten to 15 years from now, the government might have to put in some money but most actuaries would tell you that's unlikely." … more in today's Daily Miner and News on newsstands and at http://eedition.kenoradailyminerandnews.com |
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| aus der Diskussion: | AbitibiBowater - ABWTQ |
| Autor (Datum des Eintrages): | HackLevel1 (13.11.09 20:52:19) |
| Beitrag: | 27 von 28 (ID:38385845) |
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