Teachers generally accept lower base salaries in exchange for future pension benefits, and the plans are funded in part through contributions that are considered part of their pay packages. (educationnext.org)
The governor is also pressing for a new benefit tier for public employees, something counties say is desperately needed because they can no longer afford future pension benefits owed to retirees. (wxxinews.org)
Torstar is investigating a merger of its pension plan assets with a multi-employer plan called CAAT, which would take over the obligation for paying past accrued benefits and future pension benefits of Torstar employees. (canadianbusiness.com)