A farewell to DB pension plans

CPP will be leaned upon even further
By Todd Humber
|Canadian HR Reporter|Last Updated: 10/18/2016

Goodbye, defined benefit pension plan. We hardly knew ya.

The end of defined benefit (DB) pension plans for new hires at GM in Canada is hardly shocking. But what is surprising is the paltry resistance put up by the leadership and membership of Unifor.

Union president Jerry Dias told Canadian HR Reporter not one active member — not one — raised the issue of pensions during the ratifications meeting last month.