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Nortel Retirees And Former Employees Protection Canada
NRPC is a non-profit member-supported organization for Canadian former employees of Nortel. It was formed after announcements in the media that Nortel Networks, a large multinational telecommunications company, had entered bankruptcy proceedings in several countries. Constituency Most of the members of NRPC are entitled to a defined benefit pension; however, it is not clear how many are entitled, now and in the future, to medical benefits and other benefits from Nortel. In his statement to the Finance Standing Committee on March 25, 2010, Don Sproule, president of the NRPC, stated that 11,000 pensioners or surviving spouses are entitled, and 700 pensioners or surviving spouses are not entitled to medical benefits. The implication is that roughly 8,000 former employees are not now, nor will they in the future be, entitled to medical benefits. However, according to Barry E.Wadsworth, Associate Counsel Canadian Auto Workers representing unionized Nortel former employees, all indivi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nortel
Nortel Networks Corporation (Nortel), formerly Northern Telecom Limited, was a Canadian multinational telecommunications and data networking equipment manufacturer headquartered in Ottawa, Ontario, Canada. It was founded in Montreal, Quebec, in 1895 as the Northern Electric and Manufacturing Company. Until an antitrust settlement in 1949, Northern Electric was owned principally by Bell Canada and the Western Electric Company of the Bell System, producing large volumes of telecommunication equipment based on licensed Western Electric designs. At its height, Nortel accounted for more than a third of the total valuation of all companies listed on the Toronto Stock Exchange (TSX), employing 94,500 people worldwide. In 2009, Nortel filed for bankruptcy protection in Canada and the United States, triggering a 79% decline of its corporate stock price. The bankruptcy case was the largest in Canadian history and left pensioners, shareholders and former employees with enormous losses. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Court Approval
A court is any person or institution, often as a government institution, with the authority to adjudicate legal disputes between parties and carry out the administration of justice in civil, criminal, and administrative matters in accordance with the rule of law. In both common law and civil law legal systems, courts are the central means for dispute resolution, and it is generally understood that all people have an ability to bring their claims before a court. Similarly, the rights of those accused of a crime include the right to present a defense before a court. The system of courts that interprets and applies the law is collectively known as the judiciary. The place where a court sits is known as a venue. The room where court proceedings occur is known as a courtroom, and the building as a courthouse; court facilities range from simple and very small facilities in rural communities to large complex facilities in urban communities. The practical authority given to the co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pension Funds
A pension fund, also known as a superannuation fund in some countries, is any plan, fund, or scheme which provides retirement income. Pension funds typically have large amounts of money to invest and are the major investors in listed and private companies. They are especially important to the stock market where large institutional investors dominate. The largest 300 pension funds collectively hold about USD$6 trillion in assets. In 2012, PricewaterhouseCoopers estimated that pension funds worldwide hold over $33.9 trillion in assets (and were expected to grow to more than $56 trillion by 2020), the largest for any category of institutional investor An institutional investor is an entity which pools money to purchase securities, real property, and other investment assets or originate loans. Institutional investors include commercial banks, central banks, credit unions, government-linked co ... ahead of mutual funds, insurance companies, currency reserves, sovereign wealth ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Retirement In Canada
Retirement is the withdrawal from one's position or occupation or from one's active working life. A person may also semi-retire by reducing work hours or workload. Many people choose to retire when they are elderly or incapable of doing their job due to health reasons. People may also retire when they are eligible for private or public pension benefits, although some are forced to retire when bodily conditions no longer allow the person to work any longer (by illness or accident) or as a result of legislation concerning their positions. In most countries, the idea of retirement is of recent origin, being introduced during the late-nineteenth and early-twentieth centuries. Previously, low life expectancy, lack of social security and the absence of pension arrangements meant that most workers continued to work until their death. Germany was the first country to introduce retirement benefits in 1889. Nowadays, most developed countries have systems to provide pensions on retirement ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Employee Retirement Income Security Act
The Employee Retirement Income Security Act of 1974 (ERISA) (, codified in part at ) is a U.S. federal tax and labor law that establishes minimum standards for pension plans in private industry. It contains rules on the federal income tax effects of transactions associated with employee benefit plans. ERISA was enacted to protect the interests of employee benefit plan participants and their beneficiaries by: * Requiring the disclosure of financial and other information concerning the plan to beneficiaries; * Establishing standards of conduct for plan fiduciaries; * Providing for appropriate remedies and access to the federal courts. ERISA is sometimes used to refer to the full body of laws that regulate employee benefit plans, which are mainly in the Internal Revenue Code and ERISA itself. Responsibility for interpretation and enforcement of ERISA is divided among the Department of Labor, the Department of the Treasury (particularly the Internal Revenue Service), and th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services Commission Of Ontario
The Financial Services Regulatory Authority of Ontario (FSRA; french: Autorité ontarienne de réglementation des services financiers) is a self-funding Crown agency which acts as the financial regulator for the province of Ontario, Canada. Established in 2016, FSRA officially succeeded its predecessor agencies – the Financial Services Commission of Ontario and the Deposit Insurance Corporation of Ontario – on June 8, 2019. The Financial Services Regulatory Authority of Ontario operates at arms-length from the Government of Ontario, and reports to the Legislative Assembly of Ontario through the Minister of Finance. Regulated sectors FSRA regulates the insurance, credit union, ''caisse populaire'', mortgage brokerage, loan, trust, and pension administration sectors in Ontario. Additionally it provides deposit insurance for members of provincially-incorporated credit unions and ''caisses populaires''. See also * Ontario Securities Commission * Pension regulation in Canada With ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Montreal Gazette
The ''Montreal Gazette'', formerly titled ''The Gazette'', is the only English-language daily newspaper published in Montreal, Quebec, Canada. Three other daily English-language newspapers shuttered at various times during the second half of the 20th century. It is one of the French-speaking province's last two English-language dailies; the other is the ''Sherbrooke Record'', which serves the anglophone community in Sherbrooke and the Eastern Townships southeast of Montreal. Founded in 1778 by Fleury Mesplet, ''The Gazette'' is Quebec's oldest daily newspaper and Canada's oldest daily newspaper still in publication. The oldest newspaper overall is the English-language ''Quebec Chronicle-Telegraph'', which was established in 1764 and is published weekly. History Fleury Mesplet founded a French-language weekly newspaper called ''La Gazette du commerce et littéraire, pour la ville et district de Montréal'' on June 3, 1778. It was the first entirely French-language newspaper i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ottawa Citizen
The ''Ottawa Citizen'' is an English-language daily newspaper owned by Postmedia Network in Ottawa, Ontario, Canada. History Established as ''The Bytown Packet'' in 1845 by William Harris (journalist), William Harris, it was renamed the ''Citizen'' in 1851. The newspaper's original motto, which has recently been returned to the editorial page, was ''Fair play and Day-Light''. The paper has been through a number of owners. In 1846, Harris sold the paper to John Bell (journalist), John Bell and Henry J. Friel. Robert Bell (1821-73), Robert Bell bought the paper in 1849. In 1877, Charles Herbert Mackintosh, the editor under Robert Bell, became publisher. In 1879, it became one of several papers owned by the Southam Newspapers, Southam family. It remained under Southam until the chain was purchased by Conrad Black's Hollinger Inc. In 2000, Black sold most of his Canadian holdings, including the flagship National Post to CanWest Global. The editorial view of the ''Citizen'' has ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rochon Genova
Rochon may refer to: People *Charles Rochon (1673 - 1733) Founder of Mobile, Alabama * Rosette Rochon (1766 - 1863) Free woman of color, real estate investor * Gilbert L. Rochon, 6th president of Tuskegee University *Stephen W. Rochon, former Director of the Executive Residence and White House Chief Usher *Victor Rochon, member of the Louisiana House of Representatives, great-grandfather of Valerie Jarrett *Henri Rochon (1924–2005), Canadian national tennis champion *Debbie Rochon (born 1968), Canadian actress, known for independent horror movies and counter-culture film *Jean Rochon (1938–2021), Canadian politician * John Rochon, Canadian shooter *Lela Rochon, American actress *Alexis-Marie de Rochon, French astronomer * David Rochon, 2022 Brae Burn Country Club Golf Tournament Runner-Up Places * Rochon Sands, a summer village on Buffalo Lake in central Alberta, Canada **Rochon Sands Provincial Park, a provincial park Ischigualasto Provincial Park A provincial park (or t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bankruptcy And Insolvency Act
The ''Bankruptcy and Insolvency Act'' (BIA; french: Loi sur la faillite et l'insolvabilité) (the ''Act'') is one of the statutes that regulates the law on bankruptcy and insolvency in Canada. It governs bankruptcies, consumer and commercial proposals, and receiverships in Canada. It also governs the Office of the Superintendent of Bankruptcy, a federal agency responsible for ensuring that bankruptcies are administered in a fair and orderly manner. Purpose and scope The nature of the ''Act'' within Canada's legal framework governing insolvency was described by the Supreme Court of Canada in ''Century Services Inc. v. Canada (Attorney General)'': With certain exceptions, the ''Act'' covers a wide range of entities: :* it covers anyone who has resided or carried on business in Canada :* it "includes a partnership, an unincorporated association, a corporation, a cooperative society or a cooperative organization, the successors of a partnership, of an association, of a corporat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yahoo Group
Yahoo! Groups was a free-to-use system of electronic mailing lists offered by Yahoo!. Prior to February 2020, Yahoo! Groups was one of the world's largest collections of online discussion boards. It allowed members to subscribe to various groups, read subscribed discussions online, view and share photos, files and bookmarks within a group, access a group calendar, create polls for group members, and receive email notifications of new discussion topics. Some groups were simply announcement boards, to which only the group moderators could post, while others were discussion forums. Depending on each group's settings, membership could be open to everyone or only to invited and/or approved people. On February 1, 2020, Yahoo! removed online access to discussions and all other features except simple membership management, essentially turning all groups into mailing lists, and on October 13, 2020, it announced that Yahoo Groups would shut down completely on December 15, 2020. History ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ad Hoc
Ad hoc is a Latin phrase meaning literally 'to this'. In English, it typically signifies a solution for a specific purpose, problem, or task rather than a generalized solution adaptable to collateral instances. (Compare with ''a priori''.) Common examples are ad hoc committees and commissions created at the national or international level for a specific task. In other fields, the term could refer to, for example, a military unit created under special circumstances (see '' task force''), a handcrafted network protocol (e.g., ad hoc network), a temporary banding together of geographically-linked franchise locations (of a given national brand) to issue advertising coupons, or a purpose-specific equation. Ad hoc can also be an adjective describing the temporary, provisional, or improvised methods to deal with a particular problem, the tendency of which has given rise to the noun ''adhocism''. Styling Style guides disagree on whether Latin phrases like ad hoc should be italicized. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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