The Ontario Pension Benefits Act allows companies to pay executive bonuses and dividends even if the pension is underfunded. Given a choice of bonuses for themselves or a fully funded pension how do you think the decision would go?
The regulations should be changed to significantly limit or eliminate executive bonuses and dividends until the pension plan is fully funded.
Mentioned below, but if you disagree with this idea please post a comment. Why do you disagree and what alternate would you propose? I will answer.
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