Monthly Archives: November 2011

Dal pension in trouble

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November 20, 2011
Dal pension in trouble

Adam Faber, Dalhousie University Gazette November 18, 2011 Experts agree pension plan needs reworking Restructuring is going to have to happen to Dalhousie’s pension plan, says financial writer Bill Tufts. He says dramatic changes need to be made in order for the university to remain sustainable. According to Tufts, back in 2008 “these pension...
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Op-ed – Cities must dig deeper for effective pension reforms

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November 20, 2011
Op-ed – Cities must dig deeper for effective pension reforms

St John, Telegraph Journal November 17th, 2011 It is disappointing that Saint John is presenting pension options to city taxpayers that seem so inadequate. In my opinion, the pension fiasco has not been properly addressed by this and numerous previous councils. The city has been spending a lot of time on this issue and...
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Gordon Powers, MSN.ca Money reviews – Pension Ponzi

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November 20, 2011
Gordon Powers, MSN.ca Money reviews – Pension Ponzi

  Gordon Powers, MSN.ca  November 19, 2011 The current tax rules on retirement savings have created an unfair disparity between members in guaranteed pension plans and those struggling to save on their own. It seems that some Canadians may be saving a bit too much for retirement, according to a recent report issued by...
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Johnathan Chevreau review – The Pension Ponzi scheme

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November 20, 2011
Johnathan Chevreau review – The Pension Ponzi scheme

Financial Post Oct 29, 2011 This column has long used the term “pension envy” to describe the great divide between the 20% minority of Canadians in cushy public-sector defined-benefit pensions and the rest of us hoping to retire on fluctuating RRSPs or defined-contribution pensions. There were several signs this week that pension envy —...
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Newslinks week ending November 20, 2011

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November 20, 2011

Public pensions must be on the table to solve crisis Pension Ponzi review – Why people are mad about the pension gap IL Gets $1B Surprise as Obligations Jump Dalhousie University pension in trouble The European Debt Crisis in Charts Judge orders release of L.A. County pension data Ontario – Stouffville council ‘gives self’...
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Stock market woes crush public sector pensions

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November 15, 2011
Stock market woes crush public sector pensions

          ipolitics.ca Friday October 28, 2011 Canada’s underfunded public sector employee pension funds have taken an estimated $73 billion hit this year thanks to continuing stock market declines. Add this to the stock market meltdown of 2008 and a consensus of opinion that investment returns will never compare to those...
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Globe and Mail – Find out how your pension stacks up

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November 14, 2011

Globe and Mail November 7, 2011 This is an edited excerpt from Pension Ponzi: How Public Sector Unions are Bankrupting Canada’s Health Care, Education and Your Retirement. Copyright (c) 2011 by Bill Tufts and Lee Fairbanks. Excerpted with permission of the publisher John Wiley & Sons Canada, Ltd. Which Future Will be Yours? Mark...
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City of St John – Pension Reform Process Explained

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November 13, 2011
City of St John – Pension Reform Process Explained

This report is from the web site of the Mayor of St John “Pension reform is a complicated matter. It cannot be explained in a single sound bite on the radio or by a comment or two in a newspaper article. I would like to thank City Manager, Patrick Woods and Commission of Finance,...
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CFIB – Canada’s Pension Predicament

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November 13, 2011
CFIB –  Canada’s Pension Predicament

CFIB is asking the government to pay attention immediately to Canada’s pension system because it is unfair and unsustainable. Given the overly generous public sector pensions and the continued dwindling of a taxpaying workforce to pay for those pensions, Canadians face a very real crisis. Did you know: Federal public servants pay only 1/3...
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