Monthly Archives: June 2009

The need for transparency in public sector pensions

By
0
June 29, 2009
The need for transparency in public sector pensions

A group of business leaders called British North-American Committee examined public sector pensions in the UK Canada and the US. The fruits of their labour is a report called The need for transparency in public sector pensions Gold-plated pensions extinct in private sector They began by recognizing that “private companies have considered the rising...
Read More »

Billions of Dollars Pouring Into Public Sector Pension Plans

By
0
June 25, 2009
Billions of Dollars Pouring Into Public Sector Pension Plans

I have been approached with a lot of questions and have had a few radio interviews as a result of the article last week in the Globe and Mail. In feudal age of pensions, renaissance must come Some of the questions have been centered on how much money is being poured into pension plans...
Read More »

The Inconvenient Truth

By
0
June 16, 2009

The National Union of Public and General Employees recently came out with a letter on policy statement regarding pensions. They were responding to an article by The Globe and Mail called Canada’s Growing Pension Puzzle The letter presented some interesting perspectives about public sector pensions. It also presented some serious misinterpretations about the current...
Read More »

Costs of Public Sector Employee Pensions

By
0
June 9, 2009

The Question? Simply, are government pensions fair and sustainable? Legacy costs continue to be a major issue for the Canadian economy. Legacy costs are the expense that businesses have as an obligation to fund retirement plans and health benefits of retired workers. These costs have been a major barrier in the recent efforts to...
Read More »

Pension Informercials

By
0
June 7, 2009
Pension Informercials

Anyone reading this blog will know the difference in value between a public sector and private sector pension plan. The public sector employee generally retires with a pension fund value in excess of $1,000,000. The average private sector employee has about $125,000 saved for retirement. Pension InfomercialsAs I study the public sector plans I...
Read More »

Almost time for pension reform

By
0
June 6, 2009
Almost time for pension reform

An article from the UK states MPs must set example on pensions They have the same type of pension as our MP’s. Lets hope that once the current batch of MP’s trigger their pensions they will consider the inevitable task of pension reform. Most of our current MP’s are just a short time away...
Read More »

Puzzling Pensions

By
0
June 4, 2009
Puzzling Pensions

As I compile information for my blog I am seeing a very big trend towards pension reform. Many organizations are calling for a government run Supplemental Retirement Plan. This is an idea put forth by Canada’s leading pension expert in a report from CD Howe Institute. Available in this PDF file. There are some...
Read More »