This publication provides further discussion on the following items:

• The pension piece of a severance package should be paid out of the pension plan if possible. Techniques to achieve this can be good for employers and employees.
• Severance packages for many terminating employees are about to get a lot more expensive. Find out if the terminating employee is in a defined benefit pension plan that has early retirement enhancement provisions. Their pension entitlement could double in value, under new Ontario pension legislation. 
• What should you know about the “Indalex” Ontario Court of Appeal case?

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