Tag Archives: benefits

Pennies for Canadian Pensioners?

By Mark Evans | Published: August 24, 2009
As Nortel satisfies the needs of creditors by raising money through the Nortel Garage Sale, one of the big questions is whether there is going to be anything left for Nortel’s pensioners and ex-employees, as well as people on long-term disability. So far, Nortel has clawed back new retirees to 69% of their original pension [...]
Posted in Financials | Also tagged , , | 105 Comments

Nortel’s Long-Term Disability Plan in Jeopardy

By Mark Evans | Published: July 8, 2009
According to the Financial Post, Nortel may pull the rug out from under employees who are on long-term disability if the company does not emerge from bankruptcy protection. The problem is these benefits are not insured, which means the money is coming from a Nortel Health and Welfare Trust as opposed to an insurance company. [...]
Posted in Financials | Also tagged , , | 33 Comments
  • TwitterCounter for @markevans
  • Seeking Alpha Certified