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members' contributions

By Amery Boyer | 2 Minutes Read March 12, 2013

Nova Scotia announces changes to rules for funding of defined benefit plans

Pension funding rule changes announced on February 13, 2013, will protect jobs and preserve benefits for thousands of private-sector workers, according to the Government of Nova Scotia.

Article by Amery Boyer / Employee Relations, Payroll / defined benefit pension plans, defined benefit plans, employment law, five years to make the plan solvent, forced to lay off workers or reduce benefits, members' contributions, Nova Scotia, Pension funding rule, pension plans, plan was underfunded, private-sector workers, recession and low interest rates, retirement, solvency shortfall payments, underfunded

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