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How YBS Ottawa merged its pension plan with a bigger player

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Joe Nunes:

I agree that these mergers are likely good for the JSPP and the small single-employer plan that merges in. So two questions, first, what is the downside to the members? Second, if this is so smart then why don’t we merge all of the plans into one giant plan?

My sense is that lost in all this is that employees are losing an employer guarantee. In the case of Sears the guarantee turned out to be worthless but in other cases it could be valuable.

As far as merging all the plans in one, I am waiting for someone to clearly define when a plan is ‘too big’ but I am sure that will be the argument in order to support dozens of separate investment teams all chasing the same investments

Tuesday, July 03 at 10:00 am | Reply

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