I agree to Idea Allow plan members input to pension changes
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I disagree to Idea Allow plan members input to pension changes

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Allow plan members input to pension changes

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.

Submitted by 1 year ago

Comments (2)

  1. I would not have retired if I knew they were going to change the rules after I left, without my knowledge. And for those that have left the co. many years before, these changes are very detrimental.

    1 year ago
    0 Agreed
    0 Disagreed
  2. I would add to this: make unfunded pensions illegal. ( I will add this if I do not find a similar idea.)

    11 months ago
    0 Agreed
    0 Disagreed

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  1. The idea was posted
    1 year ago