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GM, Canada Post contracts expose gap between pension haves and have-nots Add to ...

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Recent contract settlements at Canada Post and General Motors of Canada expose a widening gap between the pension haves and have-nots in Canada.

The post office, a federal Crown Corporation, tried and failed to close the company’s traditional defined benefit pension plan to new hires.

Meanwhile, GM won a historic concession this week to freeze the auto maker’s defined benefit plan to all new unionized employees – continuing a steady erosion of private-sector pensions. Members of Unifor, the company’s union, are slated to vote Sunday on a new contract that will set the pattern for looming bargaining at Ford and Chrysler in Canada.

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