Monthly Archives: February 2009

OMERS Posts results for 2008

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February 24, 2009
OMERS Posts results for 2008

OMERS released their much awaited financial results for 2008. As anticipated the markets pummeled the fund and along with it the taxpayer. The Ontario Municipal Employees Retirement System is the 3rd largest pension fund in Canada. These pension funds have been the largest diversion of taxpayer’s money since the secound world war. This money...
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Prime Minister of UK makes call to scrap Member of Parliament final pay pensions

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February 16, 2009
Prime Minister of UK makes call to scrap Member of Parliament final pay pensions

In a bold move the current Prime Minister of Britain wrote a letter to a parliamentary review board asking them to consider moving the MP gold-plated pension plan to a contributory plan. This is possibly a first step in the reform of the public sector pension system in the UK. This article that was...
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Pension and Public Sector Reform Gaining Steam

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February 11, 2009
Pension and Public Sector Reform Gaining Steam

As the financial crisis worsens some public figures are stepping up to reform the system. It may be an impossible task but is essential to economic recovery. All world citizens are faced with the same challenges in this financial crisis. The Governor of the State of Rhode Island made a speech that will be...
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The Biggest Economic Issue for 2009 will be Pensions

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February 10, 2009

As the world starts to understand the implications of the biggest economic melt-down ever, pensions are emerging as a major economic issue. We have seen the headlines over the past few weeks as media in Europe and North America look at and examine the impact of the current economic situation on public sector pensions....
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St John First City in Canada to Make Pension Changes

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February 4, 2009
St John First City in Canada to Make Pension Changes

In St John there has been a pension battle brewing for the past several years. As can be expected the battle has been brutal as the public sector workers fight to retain their gold-plated benefits. Benefits enjoyed for life and paid for by tax payers. I have watched with interest the past few months...
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