Employer unilaterally changes pension to DC

Arbitrator sides with employer over union in landmark case that hinged on wording common in many DB plans

Stephen Bernardo’s Toronto law office has been fielding calls from employers across Ontario as a result of the dismissal of a union grievance against St. Mary’s Cement. The decision allowed the company to unilaterally change its pension structure from a defined benefit (DB) plan to a defined contribution (DC) plan.

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