Wednesday, April 22, 2009

No Pension Bailouts Planned

2009-04-22

12:35:47

Premier Dalton McGuinty says he has no plans to pour cash into a pension safety net designed to protect workers when their plans go bust.

Earlier this month, McGuinty said there was not enough money in the fund to cover G-M retirees should their company go bankrupt.
 
He says there are other pensioners who have seen their nest eggs dry up and it wouldn't be fair to make them bail out auto workers.