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Tag Archives: pension
Nortel Retirees to Demonstrate
As a parliamentary standing committee holds an emergency hearing on Friday into the sale of Nortel assets, Nortel retirees, long-term disabled and recently terminated employees will hold demonstration that morning on Parliament Hill. In a press release, Nortel Retirees and Former Employees Protection Committee said the demonstration is being held because: “We believe the impact [...]
Nortel Explains Pension Decision
On Friday, the Pension Benefit Guaranty Corp. said it was taking responsibility for Nortel’s underfunded pension plan covering about 23,000 employees and retirees in the U.S. The PBGC said it made the decision before Nortel’s sells the rest of its assets given none of the deals would include the pension plan. Here’s a letter to [...]
PBGC Takes Control of Nortel’s U.S. Pension Fund
In a press release, the Pension Benefit Guaranty Corp. said today it will take responsibility for the underfunded pension plan covering about 23,000 U.S. employees and retirees. The PBGC said it made the decision before Nortel’s sells the rest of its assets given none of the deals would include the pension plan. The PBGC said [...]
Richard Lowe Wants His Retirement Dough