Is a pension fund a trust fund?
British Columbia, Canada
The following excerpt is from Yates v. Air Canada and Daveluy, 2004 BCSC 3 (CanLII):
In Schmidt v. Air Products Canada Ltd., 1994 CanLII 104 (SCC), [1994] 2 S.C.R. 611 it was stated that a pension fund will be a trust fund: If there has been some express or implied declaration of trust, and an alienation of trust property to a trustee for the benefit of the employees then the pension fund will be a trust fund (at p. 654).
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