Some good news for Resolute Forest Product workers. The Communications, Energy and Paperworkers Union says that the company has agreed to increase its pension payments from the current 50 million dollars per year to 80 million dollars per year for the next 8 years . It's to meet the company's legal obligations to top up underfunded pension plans. Union spokesperson Stephen Boon says while they are pleased with the increase, pensions still remain underfunded.
Wednesday, May 1, 2013
Resolute Increases Pension Contribution
Some good news for Resolute Forest Product workers. The Communications, Energy and Paperworkers Union says that the company has agreed to increase its pension payments from the current 50 million dollars per year to 80 million dollars per year for the next 8 years . It's to meet the company's legal obligations to top up underfunded pension plans. Union spokesperson Stephen Boon says while they are pleased with the increase, pensions still remain underfunded.
