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Can a corporation discontinue defined benefits DB pension after 30 years an introduce a defined contribution DC pension ?
The company is financially stable
Thank you for your question.
A company can generally make any changes to your compensation with adequate advance notice. In the absence of adequate advance notice, it can constitute a constructive dismissal. However, not all changes in compensation will constitute a constructive dismissal. It will depend on the magnitude of the change and the wording of your employment contract.
To discuss this matter further, please contact us at the number below.
A company can generally make any changes to your compensation with adequate advance notice. In the absence of adequate advance notice, it can constitute a constructive dismissal. However, not all changes in compensation will constitute a constructive dismissal. It will depend on the magnitude of the change and the wording of your employment contract.
To discuss this matter further, please contact us at the number below.