Ontario's pension regulator FSCO (Financial Services Commission of Ontario) routinely meets with companies to modify pension plans; often to the benefit of the company and the determent of the pension plan members. Those most affected, the pension plan members, are not allowed to participate. They have no voice, no input, no vote.
This practice should change such that pension plan members must be involved in any changes to their plan, and any past changes made without plan members involvement should be reviewed and reopened if the plan members were disadvantaged.
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