ACE and Air Canada Board Liable for breach of pension plan fiduciary duties say Machinists!
Friday February 13, 2009 For Immediate Release Toronto, ON – The IAMAW says the members of the ACE and Air Canada Board of Directors will be liable if ACE goes ahead with its plans to wind up ACE Aviation and distribute the proceeds to its shareholders. “During the past year, the funded position of Air Canada’s pension plans has deteriorated significantly and has imperilled the financial position of retirees and