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Disappointing Showing in Whitehorse

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December 19, 2009

Many taxpayers are asking are asking “will I have enough for retirement”. In a very surprising move by the Canadian federal government came out with a report from Jack Mintz saying that there is No pension crisis. The Report on Retirement Income Adequacy looked at some of the issues surrounding retirement income security for...
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Whitehorse Pension Debate

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December 18, 2009

The debate in Whitehorse has centered on a fair retirement strategy for all Canadians.  The problem with a debate on pensions is that most taxpayers will never have a pension. Any move to bolster pensions will only pour more money into plans that only benefit Canada’s pension elites. These pension elites works mainly for...
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Candidate for Governor – Charlie Baker

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December 5, 2009
Candidate for Governor – Charlie Baker

Charlie Baker is running for Governor in Massachusetts. He has identified that pension reform is one of the key issues that resonates with voters. Pension CapsBaker said today he wants to cap all pensions at $90,000.In Ontario we have seen the are over 53,000 public sector workers earning over $100,000 a year. Those earning...
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New York gets to work on Pension Reform

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December 3, 2009
New York gets to work on Pension Reform

Governments all over the world are melting down due to the high costs of public sector pensions. In New York City the Mayor , Micheal Bloomberg has been aware of the pension crisis for some time. Mayor Warns on Pension Costs . He warned of the impending bankruptcy of the city if nothing was done....
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Sweet Frosting

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November 28, 2009
Sweet Frosting

This week I read an interesting article about California public sector pensions. The article is called Frosting on an already-sweet pension deal. This article highlights that public sector pensions, already a sweet deal can be gamed to make them even better.  Moving on upPensions in the public sector are based on a final earnings...
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Getting the Numbers Straight

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October 29, 2009
Getting the Numbers Straight

There is a wide commentary on pension reform in Canada. One report says that the catalyst for the interest in pension is based on the protest by Nortel workers last week in Ottawa. The article called Canada’s pension system is in play cited 4,000 protesters in Ottawa to protest the bad deal the Nortel...
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Winning the Pension Lottery

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October 20, 2009

Please note: The figures quoted in this Blog are based on current actuarial estimates for full pension eligibility. There may be factors that will create minor changes to any individual’s actual final numbers. New President at McMaster University. This position is a very important role. It is important because universities are one of the...
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Paying the consequences – Big Debt Brag

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October 5, 2009

The Canadian Taxpayers Federation released a report about the consequences we will have to pay for the action of our governments today. Big Debt Brag? Canada’s Debt 22nd Worst in OECD! Kevin Gaudet wrote and excellent piece that should be a wake-up call for all governments. Lets hope they listen.There are many implications of...
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The Lid Blows OFF in Alberta

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October 3, 2009
The Lid Blows OFF in Alberta

Over the past couple of weeks in Alberta there have been several new reports on the compensation packages of senior government officials. The compensation levels for many public sector employees at the top have been skyrocketing. As in all Canadian provinces the biggest spending areas in Alberta are Healthcare taking 36% of the provincial...
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The Pension Crusades

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September 27, 2009
The Pension Crusades

Activity has started up on the pension front as the fall begins. The summer was a little slower as everyone took a well needed break from what had happened in the economy over the past year. Last week on a personal level there were some successes in the pension crusade and some disappointments. A...
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