United Steelworkers – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Tue, 05 Nov 2024 16:16:51 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Pensions, retirement security at heart of Timberland Equipment strike https://www.benefitscanada.com/pensions/defined-benefit-pensions/pensions-retirement-security-at-heart-of-timberland-equipment-strike/ Wed, 06 Jul 2022 13:00:26 +0000 https://www.benefitscanada.com/?p=123870 More than 50 workers are on strike at Timberland Equipment Ltd. in Woodstock, Ont., after the company and the union failed to reach an agreement regarding pension plans. According to a press release from the United Steelworkers, most workers are long-time employees who have a defined benefit pension plan, while a smaller group of more […]

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]]> Stelco entering $1.3BN annuity buy-in for DB pension https://www.benefitscanada.com/pensions/defined-benefit-pensions/stelco-entering-1-3bn-annuity-buy-in-for-db-pension/ Mon, 20 Jun 2022 13:00:43 +0000 https://www.benefitscanada.com/?p=123012 Stelco Inc. is de-risking one of its defined benefit pension plans with a $1.3 billion annuity buy-in. The deal, which covers more than 7,000 United Steelworkers members and beneficiaries employed at the company’s Hamilton, Ont.-based plant, was completed in May with Brookfield Annuity Co. and Sun Life Financial Inc. Read: Stelco workers, retirees learn fate […]

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