UK/ CANADA - Last week's passage of the Ontario budget gave approval for the Nortel pension plan to put through what could be North America's first pension buyout. Ronald Olsen, vice president at Sibson Consulting, who assisted the plan with its proposal, said receiving legislative approval has opened the door for a wave of buyouts across the country.
Olsen spoke to GP on the sidelines of the LCP global pension conference in London today. Nortel, what was once Canada's largest firm, went under in 2009 leaving behind a pension plan worth C$2.5...
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