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Where is the outrage over pensions?

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August 2, 2009
Where is the outrage over pensions?

Veracruz Farmers in Mexico For some time I have been following the blog of Leo Kolivakis called Pension Pulse. Leo runs an insightful commentary on current pension issues. The last issue of Leo’s Blog asked where the outrage was over the current meltdown of the North American pension. There should be outrage over the...
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Tales from the other side of the aging catastrophe

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July 28, 2009
Tales from the other side of the aging catastrophe

A recent article entitled Gray Menace – Why Japan’s aging, shrinking population is bad for the United States was written about the impact of an aging population base in Japan. The article provides a good overview of the implication of Japans aging society. Japan is the grayest country in the world, with 21.5 percent...
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Public Sector Pension Club get annual pensions in excess of $100,000

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July 23, 2009
Public Sector Pension Club get annual pensions in excess of $100,000

In Canada and the US thousands of public sector employees are retiring with pensions in excess of $100,000 per year. These plans will never fail, because they’re backstopped by the taxpayers. These pensions cost taxpayers Billions and have started a financial crisis for governments at all levels on both sides of the border. Jack...
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Pension Problems in Nova Scotia

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July 10, 2009
Pension Problems in Nova Scotia

There was an interesting article about the pensions with city unions being renegotiated. Cities want to negotiate pensions It will be a very tough challenge. Once given these things are hard to take back. They create a large financial burden on taxpayers and are very generous pensions indeed. This pension plan is in serious...
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Billions of Dollars Pouring Into Public Sector Pension Plans

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June 25, 2009
Billions of Dollars Pouring Into Public Sector Pension Plans

I have been approached with a lot of questions and have had a few radio interviews as a result of the article last week in the Globe and Mail. In feudal age of pensions, renaissance must come Some of the questions have been centered on how much money is being poured into pension plans...
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The Inconvenient Truth

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June 16, 2009

The National Union of Public and General Employees recently came out with a letter on policy statement regarding pensions. They were responding to an article by The Globe and Mail called Canada’s Growing Pension Puzzle The letter presented some interesting perspectives about public sector pensions. It also presented some serious misinterpretations about the current...
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Costs of Public Sector Employee Pensions

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June 9, 2009

The Question? Simply, are government pensions fair and sustainable? Legacy costs continue to be a major issue for the Canadian economy. Legacy costs are the expense that businesses have as an obligation to fund retirement plans and health benefits of retired workers. These costs have been a major barrier in the recent efforts to...
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Pension Informercials

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June 7, 2009
Pension Informercials

Anyone reading this blog will know the difference in value between a public sector and private sector pension plan. The public sector employee generally retires with a pension fund value in excess of $1,000,000. The average private sector employee has about $125,000 saved for retirement. Pension InfomercialsAs I study the public sector plans I...
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Almost time for pension reform

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June 6, 2009
Almost time for pension reform

An article from the UK states MPs must set example on pensions They have the same type of pension as our MP’s. Lets hope that once the current batch of MP’s trigger their pensions they will consider the inevitable task of pension reform. Most of our current MP’s are just a short time away...
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Puzzling Pensions

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June 4, 2009
Puzzling Pensions

As I compile information for my blog I am seeing a very big trend towards pension reform. Many organizations are calling for a government run Supplemental Retirement Plan. This is an idea put forth by Canada’s leading pension expert in a report from CD Howe Institute. Available in this PDF file. There are some...
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