CANADA - The Ontario Teachers' Pension Plan (OTPP) has introduced a change to its cost-of-living allowance, in order to eliminate a C$12.7bn (US$11.9bn) shortfall reported earlier this year.
Inflation increases for pension credit earned after 2009 will depend on the plan's funding status, ranging from 50% to 100% of the change in the cost of living. This replaces the current 100% adjus...
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