News Briefs

Quebec backs Nortel pensions; Ontario unveils apprenticeship grants; Alberta encourages closer look at WCB
|Canadian HR Reporter|Last Updated: 11/15/2009

Quebec backs Nortel pensions

Quebec — The Quebec government will back the pension assets of 3,750 Nortel employees if their pensions are terminated while the company is under bankruptcy protection. Under provincial legislation covering bankruptcy provisions, the Régie des rentes du Québec, the province’s pension plan, would take charge of the pension assets and invest them on behalf of the Quebec beneficiaries for up to five years.

Ontario unveils apprenticeship grants