Dipping into pension surplus not acceptable

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Dipping into pension surplus not acceptable

When pension plan assets reach a certain level of surplus – meaning there is more value in the plan than its liabilities to pay out benefits – laws require the employer to make a plan to reduce the surplus. Of course, that money should be used in a way that benefits plan members, not just absorbed for other purposes. Unions have advocated for the surplus to be used to undo the Harper-era changes that created an unjust two-tier system. Current ru…