The provincial government is providing assistance to Algoma in terms of its pension obligations.
Premier Doug Ford announced this morning at the local steelmaker his government’s support in the form of regulatory relief from certain pension obligations under the Pension Benefits Act as well as Pension Benefits Guarantee Fund coverage provided certain conditions are met.
The Premier was asked what that will mean in the terms of dollars for the local steelmaker…

Algoma’s pension plans support approximately 21-hundred current and 63-hundred former or retired employees.