Canwest to wind up CHCH TV pension plan

HAMILTON, ON - Canwest has told CHCH TV retirees that it will be winding up the CHCH TV pension plan effective August 31, 2009.The retirees were also told that the plan has an unfunded windup deficiency, and that Canwest has no intention of funding the deficiency. This means that CHCH TV retirees will have their pensions reduced when the plan is wound up next month, but Canwest has yet to tell them by how much, the press release said.“Retirees are concerned that the issue of pension plan windup will pit current active employees at CHCH TV against retired former employees,” said CHCH TV...