Monthly Archives: April 2010

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April 27, 2010

 A recent article on Bild.com outlined the anger that Germans felt towards bailing out Greece. Greece has an economy that is melting down because of the inability of the government to control public spending. German anger at paying for luxury Greek pensions.   Europe – Germany vs Greece  One of the more interesting point...
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How much retirement income is needed?

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April 20, 2010
How much retirement income is needed?

The debate over double dipping teachers has raised some valid points. In the Toronto Star there was an article about this Canadian teachers and their fat-cat pensionsHow much is sufficient retirement income? Consider this: A public sector pension valued at $40,000 a year would require you or I to have a RRSP or pool...
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Double Dipping Teachers earn $108 Million over and above pensions

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April 19, 2010
Double Dipping Teachers earn $108 Million over and above pensions

 The CBC reported that Ontario has rules which allow teachers to work as supply teachers up to 95 days in first three working years after retirement without it affecting their pensions. It is known as double-dipping because teachers are also earning pensions at the same time they are being paid.  No clampdown on Ont....
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Once upon a time in a land not so far away….

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April 14, 2010
Once upon a time in a land not so far away….

The Political Parasites of Taxland By Stephen J. Gray The political parasites ruled and infested a place called Taxland. This was a land where the people were modern day taxpaying serfs.  The serfs over many years had been taxed into submission by the political parasites. The people were now prisoners of a system that...
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Conservative manifesto for public sector compensation

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April 14, 2010
Conservative manifesto for public sector compensation

There is a federal election going on in the UK. One of the big issues in the election is the cost of the UK public service. Of course, like in Canada public sector pensions are a big concern. In order to address some of the issues around compensation and pensions the Conservatives have focused...
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Ontario Teachers on a rip snorting buying spree

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April 12, 2010
Ontario Teachers on a rip snorting buying spree

Using the taxpayers cash they have accumulated, Ontario Teachers Pension has been on a buying spree! It has been easy to pick off private sector companies suffering from the Great Recession. Pension plans have a natural advantage too, because they pay no taxes. We should expect a lot more of these deals to come...
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Changes coming to pensions in Canada

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April 10, 2010

Pension Envy and the huge problems with public sector pensions – Report from New Jersey Across Canada there is a rising cry about pensions. Everyone sees huge problems that need to be addressed. Next week the University of Calgary, will host Canada’s premier conference on public policy related to retirement income in Calgary on...
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What will it take?

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April 8, 2010
What will it take?

The Tea Party Express Leo Kolivakis in his Pension Pulse asks – Will pension gaps spur tax revolts?  It’s a huge mess, akin to watching a slow motion train wreck and when it comes home to roost, there will be a tax revolt and strikes from public sector workers. I hope I’m wrong, but...
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Ontario’s Sunshine List and Super-Sized Pensions

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April 1, 2010
Ontario’s Sunshine List and Super-Sized Pensions

Today in Ontario the Sunshine List of employees earning over $ 100,000 was released. It always makes a big splash. Ontario’s Sunshine list – the salaries I question: Blizzard Super Sized Splash The Canadian Taxpayers Federation did a quick tally on the numbers from the Sunshine List. Ontario public sector $100,000 club grows by 19%...
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