Bill Tufts discusses Pension Envy, the gap between the public sector employee and the average taxpayer.
Also the bankruptcy of Springhill Nova Scotia because of their city pensions. The episode was scheduled the week before but on Friday it came out that Springhill plan had pushed the city into financial insolvency. Towns and cities can’t become bankrupt but become financially insolvent and are forced to dissolve.
The show begins with the Springhill recap and then onto Bill’s discussion with Tom Corbebett. Tom was featured on a recent McLeans magazine cover and Bill was quoted in the same issue.
You can listen to the episode here it starts at 6:00 minutes …