Daily Archives: November 12, 2011

Dalhousie pension shortfall: Taxpayers must demand relief

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November 12, 2011

Chronicle Herald October 15, 2011 Recently, Dalhousie University disclosed that its pension plan is in serious financial difficulty. The unfunded liability or shortfall has risen to over $270 million, leaving the plan less than 60 per cent funded. A plan funded at this level is considered extremely underfunded. The university has tried to reduce...
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Op-Ed: Can N.B. and California pension reforms save Canada?

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November 12, 2011

Ipolitics.ca November 11, 2011 Governments and taxpayers across the world are waking up to a new reality – all is not what we had been led to believe. Contrary to public practice, deficit-financed governing can’t go on forever. The bill is now coming due, and all hell is breaking loose. The City of St....
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Op-ed: Stock market woes crush public sector pensions

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November 12, 2011

iPOLITICS.CA 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 in the 1980s and 1990s and...
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Op=ed – Save billions via pension reform

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November 12, 2011

National Post – The Chopping Block Oct. 7, 2011 Public-sector unions have negotiated pensions that lift their retired members far above the poverty line. Their plans have been heavily funded by Canadian taxpayers and provide a seamless level of income support for public-sector employees, spanning their careers and continuing into their retirement until death....
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Op-ed – Have public unions failed the public?

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November 12, 2011

The Daily Gleaner, Canada East September 5, 2011 The term “labour movement” refers to the campaign by workers usually organized in unions who are “fighting” for better employment conditions from employers. The movement uses the leverage of strikes and other work campaigns to force governments and employees to give workers their “rights.” Public-sector union...
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Canadians not saving enough for retirement, pensions becoming thing of the past

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November 12, 2011

Vancouver Sun, The Province, Canada.com, Star Phoenix, Leader Post, Calgary Herald, Ottawa Citizen, Montreal Gazette October 11-17 Al Breitman spent his career self-employed mostly in a land-development business, so when he retired recently he had no company pension to rely on. His wife, Karen, is still working as a medical physicist and associate professor...
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“Unsustainable pension gap growing”

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November 12, 2011

Montreal Gazette July 8, 2011  
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Op-Ed – City should proceed with pension reform

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November 12, 2011

Telegraph Journal October 5, 2011 Pensions in Saint John have been causing a problem for a long time. Saint John is not alone in this predicament, but unfortunately not too many other government agencies have been forced into the position that Saint John has. So in the public sector there is not much precedent...
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Op-ed Try a Hybrid Pension Model

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November 12, 2011

Daily Gleaner, Telegraph-Journal August 2, 2011 Pensions were originally designed to prevent retired workers from the possibility of living in poverty in retirement. This is an admirable goal for society, and one that should be adhered to for pension plans. Most Canadians do not need a pension plan to be lifted from poverty, with...
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Pension system’s ‘huge imbalance’ criticized

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November 12, 2011
Pension system’s ‘huge imbalance’ criticized

Times and Transcript, Telegraph Journal Canada East   Adam Huras September 22nd, 2011 Successive provincial and federal governments have failed to make the changes necessary to ensure that the public pension system will succeed over the long term, says an advocacy group led by a policy advisor on pensions. CANADAEAST NEWS SERVICE Fair Pensions...
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