pension crisis

OMERS Meltdown

By
March 18, 2013
OMERS Meltdown

  The OMERS pensions plan is in crisis. You can see our most recent presentation on the problem at the City of Hamilton. We have been presenting the pension problem to city councils across the province.,   Click here for the Power Point presentation
Read More »

Mark Yamada Confronts a perfect pension storm

By
October 28, 2012
Mark Yamada Confronts a perfect pension storm

By Mark Yamada There’s no doubt some things need to change in our pension system. Are pooled retirement pension plans the answer?Is it too late to avert a pension crisis? Governments have been known to rearrange deck chairs as ships take on water. Bill C-25 (41-1), An Act relating to pooled registered pension plans...
Read More »

Canadian Taxpayers uncovers big problems with public sector pensions in Saskatoon

By
October 28, 2012
Canadian Taxpayers uncovers big problems with public sector pensions in Saskatoon

Group urges action after pension deficit doubles By Jeff Davis, The StarPhoenix The City of Saskatoon’s municipal pension funds ran a deficit of $113 million last year, which the Canadian Taxpayers Federation says threatens to swamp the city’s books with red ink. “The public needs to know that the city of Saskatoon has a...
Read More »

Fair Pensions For All issues wake up call to the Public Service

By
October 28, 2012
Fair Pensions For All issues wake up call to the Public Service

LONDON: For years the non-partisan group Fair Pensions For All has been raising the alarm over public sector wages, benefits and pensions. The group has continued to prove that our public sector costs are unsustainable and if things don’t change, we could be headed towards catastrophe. However, this crisis can be averted if the...
Read More »

Gary Doyle talks to Gareth about the Hybrid Pension

By
0
October 3, 2012
Gary Doyle talks to Gareth about the Hybrid Pension

Hear Gareth and Gary Doyle talk about the Hybrid Pension Plan.   Click Here to Listen
Read More »

Ontario teachers party – Is it over?

By
0
August 23, 2012
Ontario teachers party – Is it over?

Here is our most recent report on Teachers compensation. . Get PDF Here Teachers – All Good Parties Must Come to An End        
Read More »

Highly-Touted Pension Reforms Woefully Inadequate

By
0
June 5, 2012
Highly-Touted Pension Reforms Woefully Inadequate

  The Bay Observer, Ontario taxpayers had high hopes that the highly-touted “tough and sweeping changes” to bloated public sector pensions in the budget would begin to fix a broken system. The budget fell far short of this goal. The budget polices that were announced regarding pensions were woefully inadequate and downright worrying as...
Read More »

Teachers’ Pension Plan CEO offers ‘dose of reality’

By
0
June 5, 2012
Teachers’ Pension Plan CEO offers ‘dose of reality’

    Bill Tufts, Special to Financial Post  May 7, 2012 This year in Canada 1,000 people will reach age 65 every day. This will continue every day until the year 2029. This aging tsunami sweeping over Canada will bring changes that we cannot even envision today. Last year the first of the Baby...
Read More »

Ontario teachers pension hits the wall

By
0
April 4, 2012
Ontario teachers pension hits the wall

From the archives a member of the Ontario Secoundary School Teachers Federation (thanks Joe). We originally posted this on our old website in 2009. Despite hefty contributions and huge asset accumulations there is a crisis and it will hit in 2014 with a vengeance!
Read More »

Market Crash Rips $160 Billion Hole in Public Sector Pensions

By
0
October 4, 2011
Market Crash Rips $160 Billion Hole in Public Sector Pensions

You may or may not have been directly affected by Thursday’s market crash, but you will be picking up part of the tab for the tens of billions in losses suffered by Canada’s public sector pension funds, whether you work in the public sector or not. We give the catastrophic  estimate based on Thursday’s...
Read More »