3/9/2004: Air Canada Nonunion Workers Given Option to Stay In Defined Benefit Plan (Business Insurance; free registration required)

Excerpt: Air Canada's current nonunion employees will have the option to remain enrolled in its defined benefit pension plan under a revised proposal offered by Trinity Time Investments, the airline's new equity investor.... Employees who convert to the defined contribution plan would receive a bonus of 10% of salary, concurrent to an initial public offering of a restructured Air Canada ...