(Reuters) - "There are some shortcomings in our frameworks today," he said.
"And these shortcomings are putting a great deal of pressure on the sponsors of defined-benefit plans. Sponsors have been scaling back or restricting new entries into these types of plans, largely because they do not have the right incentives to maintain or operate defined-benefit plans," he said, according to the prepared text of his speech to the Conference Board of Canada.
Read more at Reuters.com Government Filings News
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