Fair Pensions


Conversations Between Bankers and Taxpayers

January 11, 2010
Conversations Between Bankers and Taxpayers

Stephen Gray wrote about the the feudal system the gap between the corporate elites and taxpayers. He captured a conversation between a banker and a taxpayer. It covers the essence of the problem very well. The Writings of Stephen J. Gray – Blog Earlier this year the Globe and Mail quoted me: He calls...
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Average RRSP Holdings of Canadians

January 9, 2010

Statscan produced a report called the Wealth of Canadians (PDF). The report shows the level of preparedness of Canadians for retirement. It is based on the amount of retirement savings Canadians have put aside for their golden years. This is a list of confusing facts and figures compiled on retirement savings in Canada. Feel...
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Globe and Mail creates a splash

December 30, 2009
Globe and Mail creates a splash

There is an article on the front page of the Globe and Mail today called Ottawa targets public service pension plan for cutbacks. Some of the highlights of the article include:  The generous pension plan enjoyed by federal civil servants is being targeted for possible cuts, including an end to early-retirement provisions for new...
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Disappointing Showing in Whitehorse

December 19, 2009

Many taxpayers are asking are asking “will I have enough for retirement”. In a very surprising move by the Canadian federal government came out with a report from Jack Mintz saying that there is No pension crisis. The Report on Retirement Income Adequacy looked at some of the issues surrounding retirement income security for...
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Whitehorse Pension Debate

December 18, 2009

The debate in Whitehorse has centered on a fair retirement strategy for all Canadians.  The problem with a debate on pensions is that most taxpayers will never have a pension. Any move to bolster pensions will only pour more money into plans that only benefit Canada’s pension elites. These pension elites works mainly for...
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Start Pensions changes at the Top

December 15, 2009
Start Pensions changes at the Top

In the UK there is a review of MP pensions being implemented. Report on cutting MPs’ final salary pension scheme due This is a good place to begin the redesign of our pension system in Canada. It is hard to get stakeholders to make changes that impact them on a personal level. High MP...
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Heading Towards Whitehorse and a National Pension Summit

December 9, 2009
Heading Towards Whitehorse and a National Pension Summit

After many pension crisis and a horrible year in the worlds stock markets the debate on pensions is reaching a critical boil. The Finance Ministers in Canada are meeting on December 17 in Whitehorse for an event called the pension summit. The summit in Whitehorse will also help all policy stakeholders in Canada to...
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Candidate for Governor – Charlie Baker

December 5, 2009
Candidate for Governor – Charlie Baker

Charlie Baker is running for Governor in Massachusetts. He has identified that pension reform is one of the key issues that resonates with voters. Pension CapsBaker said today he wants to cap all pensions at $90,000.In Ontario we have seen the are over 53,000 public sector workers earning over $100,000 a year. Those earning...
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New York gets to work on Pension Reform

December 3, 2009
New York gets to work on Pension Reform

Governments all over the world are melting down due to the high costs of public sector pensions. In New York City the Mayor , Micheal Bloomberg has been aware of the pension crisis for some time. Mayor Warns on Pension Costs . He warned of the impending bankruptcy of the city if nothing was done....
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Sweet Frosting

November 28, 2009
Sweet Frosting

This week I read an interesting article about California public sector pensions. The article is called Frosting on an already-sweet pension deal. This article highlights that public sector pensions, already a sweet deal can be gamed to make them even better.  Moving on upPensions in the public sector are based on a final earnings...
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