Yes, exactly. It is actually a transfer of funds. The employer would not pay more; he would simply pay less for the defined benefit plan and more for the public plan—because most of these are registered plans.
National President, Canadian Office and Professional Employees Union
Yes, exactly. It is actually a transfer of funds. The employer would not pay more; he would simply pay less for the defined benefit plan and more for the public plan—because most of these are registered plans.
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