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In good times,unions generally favour decentralized structures.
Provincial Law
Legislation that is enacted and enforced by individual provinces within a federal system, addressing matters not exclusively reserved for the national government.
Non-specified Benefit Plan
An employee benefit plan that does not define specific benefits in advance but may provide a pool of funds for potential distribution.
Specified Benefit Plan
A retirement plan where the benefits to be received by employees are defined and specified in advance.
Defined Benefit Plan
A retirement plan in which an employer commits to paying a specified pension amount to employees upon retirement, based on factors like salary history and length of employment.
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