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    Employee Benefits- Newest Blog October 9th

    Employer given flexibility in pension payment
    Surplus funds from defined benefit plan can be put into defined contribution plan: SCC
    By Arnold Ceballos
    Toronto
    August 21 2009 issue
    In what some see as a significant victory for employers, the Supreme Court of Canada has upheld a company’s use of surplus funds from a defined benefit pension fund to satisfy its obligations under a related defined contribution plan. At the same time, the court agreed that pension plan expenses could be paid out from the pension fund itself, rather than being an obligation of the employer. More http://tinyurl.com/hrcom-benefits100

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