Daily Archives: July 30, 2012

City employee pension costs big hit to taxpayers

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July 30, 2012
City employee pension costs big hit to taxpayers

Guelph residents warned to watch pension costs of its city employees Vik Kirsch, Mercury staff Sat Jul 28 2012 GUELPH — City residents can expect rising taxes or other unpleasant alternatives in the years ahead as the municipality grapples with its portion of a large funding shortfall at Ontario’s pension plan for municipal employees,...
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Pensions Front Page in Waterloo

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July 30, 2012
Pensions Front Page in Waterloo

Critics warn that rising staff pension contributions will challenge municipal budgets Paige Desmond, Record staff Fri Jul 27 2012 WATERLOO REGION — Waterloo Region taxpayers are paying more and more for the pensions of city staff, with a $5 million increase in 2011. Critics say cities are headed for financial ruin, but city officials...
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The Bridge Benefit unfair to taxpayers

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July 30, 2012
The Bridge Benefit unfair to taxpayers

Jason Fekete, Postmedia News June 23, 2012 Federal government looks to scrap benefit cushion for retiring public servants OTTAWA — As the federal government overhauls Old Age Security, it’s struggling to pay for benefits owed to public sector employees — including a so-called “bridge benefit” of more than $12,000 a year each for federal...
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Fixing Nova Scotia Power Pensions

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July 30, 2012
Fixing Nova Scotia Power Pensions

June 28, 2012 Fixing NSP pension shortfall not up to ratepayers, critics say Higher contributions and dipping into profits are among options Nova Scotia Power should look at to make up a shortfall in its employees’ pension plan before digging into ratepayers’ pockets, critics said Wednesday. The utility said it needs an extra $26...
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