Are retirement saving plans secure?
Retirement saving plans have been making news headlines for a variety of reasons. One of those includes the security of pension plans when an employer runs into financial problems or is sold. Take for example the situation for workers at Sears Canada and Northstar Aerospace who may face a 19-24% reduction in pension benefits due to insolvency and layoffs. For all the details read more here.
Defined benefit and target benefit plans
Sears Canada has a defined benefit plan and Northstar Aerospace has a target benefit plan. Both […]