pension crisis

Laurentian Medical College makes cut backs on staff to pay for pension

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April 1, 2011
Laurentian Medical College makes cut backs on staff to pay for pension

There was an article in the Sudbury Star that shows the increasing danger of gold-plated pensions. 24 jobs cut at Northern Ontario School of Medicine. NOSM is operated by Laurentian University in Sudbury. It is unacceptable for the people of Ontario at a time when there is a strain on our health system and...
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Is the Air Canada pension plan too rich?

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March 31, 2011

. In 2009 the Air Canada pension plans were short $2.9 billion despite the fact between 2004 and May 2009 the company had pumped $1.7 Billion into the plan. Now they are requesting money from Canadian taxpayers. With Ministers, high level officials senior government officials and Members of Parliament. All of whom have gold-plated...
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Ontario Teacher’s Pension to Hit the Wall in 2014.

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March 18, 2011

From the archives a member of the Ontario Secoundary School Teachers Federation (thanks Joe)    Despite hefty contributions and huge asset accumulations there is a crisis and it will hit in 2014 with a vengeance! Bill Tufts Fair Pensions For All
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Working on pension issues

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March 17, 2011
Working on pension issues

I have not had much time to be posting news to my blog. Does someone want a job? It is a very sad week for me as my brothers wife passed away unexpectedly yesterday. She was the mother of 5 boys. May she rest in peace and God be with my brother and his ...
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Landmark Report on Public Sector Pensions

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March 11, 2011
Landmark Report on Public Sector Pensions

In the UK a special report on pensions looking into the sustainability of public sector pensions has been released. Pensions Commission Lord Hutton a former Labor minister in the UK released the report that shows that the current system of public sector employees pensions is not fair to taxpayers or adequate for employees in...
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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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Canada promotes double dipping when most governments are eliminating it!

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August 6, 2009
Canada promotes double dipping when most governments are eliminating it!

As the slogan for Red Rose tea says… Only in Canada Eh! Jonathan Chevreau of the Wealthy Boomer and the National Post recently created a video that described how the Canadian government promoted double-dipping to Canadian public sector employees. Phased retirement video This is a scheme that was hatched in the federal budget in...
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The great public-sector pension rip-off

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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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Comment from public sector worker about this Blog

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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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The Heavyweights Step In!

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April 14, 2009
The Heavyweights Step In!

Today CARP, The Canadian Association of Retired Persons released a series of advocacy articles aimed at creating major pension reform in Canada. At initial glance there are certianly some very intersting proposals and ideas originating from the articles in this month’s CARP on-line forum. As Zoomers Pension Reform: the status quo is not an...
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