Fair Pensions


Pension Battle Continues in St John

March 31, 2009
Pension Battle Continues in St John

From the St John Telegraph The pension battle continues in St John, New Brunswick. It is one of the first of it’s kind in Canada and may be the precedent case for public sector pensions across Country. These plans are broke but no one wants to admit it, least of all those who are...
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Pension Reform in Canada

March 26, 2009
Pension Reform in Canada

It is apparent that the current pension system that we have in North America does not work and needs to be rebuilt. In the United States many Governors and business organizations have taken on the task of examining what went wrong with our public sector pensions and what needs to be done to reform...
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The True Value of Pensions

March 21, 2009

Today I was at the Farmer’s Market in Hamilton for my usual weekly shopping. Outside the Federal Building I came a cross a large protest by the local USW union protesting for protection for pensions. They have a right to be concerned about their pensions and the security of these pensions. I am not...
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The end of part one

March 7, 2009
The end of part one

Over the past several years as part of my business I have watched the problem of public sector pensions. The problem has grown much more serious, painful and acute in just the last year. In the early days of media and general public recognition of the public sector pension problem very few commentators discussed...
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OMERS Posts results for 2008

February 24, 2009
OMERS Posts results for 2008

OMERS released their much awaited financial results for 2008. As anticipated the markets pummeled the fund and along with it the taxpayer. The Ontario Municipal Employees Retirement System is the 3rd largest pension fund in Canada. These pension funds have been the largest diversion of taxpayer’s money since the secound world war. This money...
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Prime Minister of UK makes call to scrap Member of Parliament final pay pensions

February 16, 2009
Prime Minister of UK makes call to scrap Member of Parliament final pay pensions

In a bold move the current Prime Minister of Britain wrote a letter to a parliamentary review board asking them to consider moving the MP gold-plated pension plan to a contributory plan. This is possibly a first step in the reform of the public sector pension system in the UK. This article that was...
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Pension and Public Sector Reform Gaining Steam

February 11, 2009
Pension and Public Sector Reform Gaining Steam

As the financial crisis worsens some public figures are stepping up to reform the system. It may be an impossible task but is essential to economic recovery. All world citizens are faced with the same challenges in this financial crisis. The Governor of the State of Rhode Island made a speech that will be...
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The Biggest Economic Issue for 2009 will be Pensions

February 10, 2009

As the world starts to understand the implications of the biggest economic melt-down ever, pensions are emerging as a major economic issue. We have seen the headlines over the past few weeks as media in Europe and North America look at and examine the impact of the current economic situation on public sector pensions....
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St John First City in Canada to Make Pension Changes

February 4, 2009
St John First City in Canada to Make Pension Changes

In St John there has been a pension battle brewing for the past several years. As can be expected the battle has been brutal as the public sector workers fight to retain their gold-plated benefits. Benefits enjoyed for life and paid for by tax payers. I have watched with interest the past few months...
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Forbes Article, Gilt-Edged Pensions – How much are they really worth?

January 31, 2009
Forbes Article, Gilt-Edged Pensions – How much are they really worth?

Forbes came out with an article last week about the lucky stiff retiring on a public sector pension. The article tells the story of the stiff retiring four years ago at age 42 with a $65,000 per year pension. The pension is indexed for life, that is guaranteed to increase every year. Forbes places...
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