Former Edmonton Sears worker concerned about looming pension shortfall

A retired Sears Canada worker says cuts expected to the insolvent retailer’s pension payments have his former Edmonton colleagues concerned about their future.
The defunct chain’s defined benefit pension plan is underfunded by an estimated $270 million, which likely means cheques to more than 16,000 members will drop by about 20 per cent, although details are still being worked out.
“It’s going to affect me. It takes a few bucks out of my pension, and I don’t have a