The former Premier Cable pension plan will be amended so that new employees of Rogers Cable Communications Inc. can join the plan.

It was proposed that the plan be merged with another plan belonging to Rogers Communications Inc., but that proposal was revoked following the Supreme Court of Canada’s decision in the Rogers v. Buschau case.

“I am satisfied, after reviewing all the evidence and submissions of the parties, that the continued existence of this pension plan is a worthy goal and that the employer is continuing to provide the promised benefits and complying with solvency requirements,” says Julie Dickson, acting superintendent of the Office of the Superintendent of Financial Institutions.

Rogers is the parent company of this publication.

For background information on this story, click here.

To comment on this story email craig.sebastiano@rci.rogers.com.

Copyright © 2019 Transcontinental Media G.P. Originally published on benefitscanada.com

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