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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.
The Lawyers at Samfiru Tumarkin LLP
Direct Tel (Toll Free): 1-855-821-5900     Email: webquestions@stlawyers.ca     Web: www.stlawyers.ca
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