CARP is pleased that Sears Canada will extend its employee benefits and pension payments for an additional two months. However, the advocacy group still has concerns about the pension deficit and how the company will continue to fund payments beyond September 30th.
“This two month extension gives a bit of breathing room but now all parties need to turn their attention to a sustainable solution to protect pensioners,” said Wanda Morris, VP of Advocacy, CARP.
CARP is calling for critical legislative changes to better protect employees.
