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Province moves to protect pension money at Catalyst Paper

The B.C. government moved Friday to protect pension benefits of salaried retirees and workers at Catalyst Paper in case the company is forced to take drastic action in the face of steep U.S. tariffs.

The government has changed pension-relief regulations so that Catalyst would be required to immediately cover any pension shortfall if the company closes or sells mills at Port Alberni, Crofton and Powell River.

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Source: Times Colonist

 
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