Last month, Northern Pulp disclosed in court creditor protection proceedings that the special pension payments are not part of its revised forecast for late 2020, 2021 and 2022. We're hoping that the company continues making that pension payment. The salaried employees plan had a $2.6-million ongoing deficit and a wind-up solvency ratio of 99 per cent. Special pension contributions for 2021 and 2022 are approximately $3.34 million, according to court records and are due in February 2022, Skinner said. Notwithstanding its plan to forgo special pension payments, in December the company said it would draw down on borrowing to meet other employee and retiree obligations.

Source: CBC News January 12, 2021 09:56 UTC