Kukla's Korner Hockey
by Paul on 06/24/09 at 10:15 AM ET
from Anna Mehler Paperny and David Shoalts of the Globe and Mail,
The NHL has been underfunding its players’ pension plans by millions of dollars, shortchanging widows over a number of decades, an Ontario Superior Court judge has found.
The decision means the league will have to top up its pension fund by as much as $30-million and may have to make retroactive payments to the widows of deceased players.
The suit, brought forward last year by the NHL Players’ Association, charged that errors in the calculation of pensions for players who died before 1986 meant their widows received as little as 10 per cent of the funds entitled to them.
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Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.
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