Monthly Archives: June 2012

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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