Fair Pensions


Public Sector Pension Club get annual pensions in excess of $100,000

July 23, 2009
Public Sector Pension Club get annual pensions in excess of $100,000

In Canada and the US thousands of public sector employees are retiring with pensions in excess of $100,000 per year. These plans will never fail, because they’re backstopped by the taxpayers. These pensions cost taxpayers Billions and have started a financial crisis for governments at all levels on both sides of the border. Jack...
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The great public-sector pension rip-off

July 12, 2009
The great public-sector pension rip-off

The Economist published an article that reported on public sector pensions. It is called The great public-sector pension rip-off. It is a short article but highlights the key points about what is wrong with our public sector pensions. Although it is written from the UK it perfectly describes Canadian pensions as well. JOIN a...
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Pension Problems in Nova Scotia

July 10, 2009
Pension Problems in Nova Scotia

There was an interesting article about the pensions with city unions being renegotiated. Cities want to negotiate pensions It will be a very tough challenge. Once given these things are hard to take back. They create a large financial burden on taxpayers and are very generous pensions indeed. This pension plan is in serious...
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Comment from public sector worker about this Blog

July 8, 2009
Comment from public sector worker about this Blog

After the series of CBC interviews I received a comment post on the blog. It was from a public sector employee who was upset with some of my remarks on the radio interviews. One of those 11 interviews across Canada can be found here from CBC Edmonton. In the rest of Canada that same...
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Canada’s Public Sector Unions at War with Canadian Taxpayers

July 6, 2009

I was recently asked to do a series of interviews with the CBC Radio. They asked me to be interviewed on public sector pensions in Canada. The CBC has been sensing a rise in animosity between the private sector and the public sector. They wanted me to discuss this across Canada in several morning...
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The need for transparency in public sector pensions

June 29, 2009
The need for transparency in public sector pensions

A group of business leaders called British North-American Committee examined public sector pensions in the UK Canada and the US. The fruits of their labour is a report called The need for transparency in public sector pensions Gold-plated pensions extinct in private sector They began by recognizing that “private companies have considered the rising...
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Billions of Dollars Pouring Into Public Sector Pension Plans

June 25, 2009
Billions of Dollars Pouring Into Public Sector Pension Plans

I have been approached with a lot of questions and have had a few radio interviews as a result of the article last week in the Globe and Mail. In feudal age of pensions, renaissance must come Some of the questions have been centered on how much money is being poured into pension plans...
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The Inconvenient Truth

June 16, 2009

The National Union of Public and General Employees recently came out with a letter on policy statement regarding pensions. They were responding to an article by The Globe and Mail called Canada’s Growing Pension Puzzle The letter presented some interesting perspectives about public sector pensions. It also presented some serious misinterpretations about the current...
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Costs of Public Sector Employee Pensions

June 9, 2009

The Question? Simply, are government pensions fair and sustainable? Legacy costs continue to be a major issue for the Canadian economy. Legacy costs are the expense that businesses have as an obligation to fund retirement plans and health benefits of retired workers. These costs have been a major barrier in the recent efforts to...
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Pension Informercials

June 7, 2009
Pension Informercials

Anyone reading this blog will know the difference in value between a public sector and private sector pension plan. The public sector employee generally retires with a pension fund value in excess of $1,000,000. The average private sector employee has about $125,000 saved for retirement. Pension InfomercialsAs I study the public sector plans I...
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