Daily Archives: June 5, 2012

Private sector pension crisis threatens all Canadians

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June 5, 2012

The Calgary Beacon Online News May 23, 2012 Much is being said about Canada’s crushing public sector pension debt, now estimated to be more than $300 billion. Few Canadians, however, realize the potential additional cost to taxpayers of the collapse of the remaining private sector defined – as in guaranteed – benefit (DB) plans....
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Be it resolved that Canadians are Incapable of Preparing for their Retirement Needs

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June 5, 2012
Be it resolved that Canadians are Incapable of Preparing for their Retirement Needs

We don’t need to fix something that’s not broken.” - HOOPP President & CEO Jim Keohane  by ARIA staff May 31, 2012 - The great debate on retirement – can Canadians save enough on their own – came to the University of Toronto’s Hart House May 30. Before a packed crowd of experts featuring executives from...
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Highly-Touted Pension Reforms Woefully Inadequate

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June 5, 2012
Highly-Touted Pension Reforms Woefully Inadequate

  The Bay Observer, Ontario taxpayers had high hopes that the highly-touted “tough and sweeping changes” to bloated public sector pensions in the budget would begin to fix a broken system. The budget fell far short of this goal. The budget polices that were announced regarding pensions were woefully inadequate and downright worrying as...
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Teachers’ Pension Plan CEO offers ‘dose of reality’

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June 5, 2012
Teachers’ Pension Plan CEO offers ‘dose of reality’

    Bill Tufts, Special to Financial Post  May 7, 2012 This year in Canada 1,000 people will reach age 65 every day. This will continue every day until the year 2029. This aging tsunami sweeping over Canada will bring changes that we cannot even envision today. Last year the first of the Baby...
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Financial Planner – SueRicketts.com

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June 5, 2012
Financial Planner  – SueRicketts.com

Financial Tips From Sue If you don’t read another book this year, make sure you read this one! Do you wonder why some years back California was going bankrupt? Do you wonder why all those European countries are defaulting on loans and scaring the stock-markets all to hell? This is the book which explains...
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Nova Scotia teachers Pension Ponzi melts down in 2011

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June 5, 2012
Nova Scotia teachers Pension Ponzi melts down in 2011

  May 11, 2012 Columnist Herb Duncan Bill Tufts – Founder and Executive Director, Fair Pensions For All It’s been a disastrous year so far for pensions across the country as plans release their annual reports. These reports based on 2011 data don’t take into account the reality that equity markets have not risen dramatically...
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When Pensions “Go Ponzi”

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June 5, 2012
When Pensions “Go Ponzi”

May 5, 2012 HAMILTON:Public sector employers faced with escalating pension costs are increasingly closing Defined Benefit (DB) pension plans to new employees, and enrolling them in Defined Contribution (DC) pension plans, cutting off the flow of new money into the DB plans. Faced with having to pay all future benefits from the existing assets...
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