gold-plated pensions

Manitoba Teachers Loving NDP Going Into Election

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August 29, 2011
Manitoba Teachers Loving NDP Going Into Election

  Manitoba has a complicated set-up for the teachers pension (TRAF). They have two pension accounts one for employee contributions and one for employer contributions. They are both calculated separately. The teacher’s pension does not appear that it have any pension shortfall problems as the government made a $1.5 Billion balloon contribution into the...
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Top Ten Most Outrageous Government Pensions

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August 26, 2011

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August 18, 2011

The Standing Committee on Finance has begun preparations for their fall consultations on the federal budget. Our brief includes an executive summary and three recommendations that reflect our most important federal program spending priority, and indicates the expected federal cost savings of our proposal along with the recommendations for reducing federal spending. Finance Department...
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European Debt Crisis; Impending Catastrophe…

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July 12, 2011
European Debt Crisis; Impending Catastrophe…

  I received an email today from  Rob Viles. Rob is a concerned citizen and runs a successful business in Hamilton Ontario. Rob knows what it is like to be responsible for employees and the success of his business. Like many of us he is concerned about runaway debt and the impact it has...
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Start Pensions changes at the Top

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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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The Double Dip Party Continues

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August 19, 2009
The Double Dip Party Continues

A news article caught my attention today. Pension + Salary — how’s that for a “retention bonus”? It is an issue that is rising is concern across the US. My hope is that it will soon be addressed in Canada as well. My recent blog called Canada promotes double dipping covered the basics of...
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The need for transparency in public sector pensions

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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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Pension and Public Sector Reform Gaining Steam

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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

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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 NB Pension Problems

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January 16, 2009
St John NB Pension Problems

St John has been dealing with some issues in its city employee pension plan. Taxpayers are concerned that despite increasing tax rates the quality of services provided from the city are falling. One of the areas of city spending that requires constant increases is the city pension. As a result of some investigations by...
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