Uncategorized

Prime Minister of UK makes call to scrap Member of Parliament final pay pensions

By
0
February 16, 2009
Prime Minister of UK makes call to scrap Member of Parliament final pay pensions

In a bold move the current Prime Minister of Britain wrote a letter to a parliamentary review board asking them to consider moving the MP gold-plated pension plan to a contributory plan. This is possibly a first step in the reform of the public sector pension system in the UK. This article that was...
Read More »

St John First City in Canada to Make Pension Changes

By
0
February 4, 2009
St John First City in Canada to Make Pension Changes

In St John there has been a pension battle brewing for the past several years. As can be expected the battle has been brutal as the public sector workers fight to retain their gold-plated benefits. Benefits enjoyed for life and paid for by tax payers. I have watched with interest the past few months...
Read More »

Out of Town for one week in Mexico.

By
0
January 26, 2009

I will be out of the office for one week in Mexico. Can Hear is an organization operated by Martin Heinrich. It provides hearing aids for poor chiildren in Latin America. We are in Mexico City fitting hearing aids on 45 children in the barrio of Iztalapan in Mexico City. The trip is going...
Read More »

Who will bail out your pension? Pension reform needed.

By
0
January 20, 2009
Who will bail out your pension? Pension reform needed.

Most taxpayers are funding as much into public sector pensions as they provide into their own! There is the serious possibility of social upheaval that will result from the unfairness of these public sector plans because we have a two-tier system. One tier is for the public sector employee and the other is for...
Read More »

Public Sector Pension Reform Urgent

By
0
January 19, 2009
Public Sector Pension Reform Urgent

A recent report from one of Ireland’s most influential business The Irish Business and Employers Confederation (IBEC)has called for immediate reform of public sector pensions. Pension Reforms Urgent All public sector pension plans, either in Ireland or Canada, work the same way. They are based on final salary. They are not true pensions but...
Read More »

Pension Storms All Around Us

By
0
January 9, 2009
Pension Storms All Around Us

Sadly pensions have become top news in many newspapers, government offices and coffee shops. The discussions are around the recent meltdown in value of these plans and the potential implications this crisis has for retirees. The talk is mainly of defined benefit pensions. Those are pensions that guarantee the retiree a continued stream of...
Read More »

The Challenges of Restructuring the Costs of the Public Sector

By
0
January 4, 2009

Public Pensions have toppled and society needs to reassemble pensions for employees in the public sector. The next largest cost associated with government is the cost of benefits. Costs of running government pensions and benefits plans are no longer sustainable. The problems that have been created as a result of trying to sustain an...
Read More »

Welcome to 2009 – Many Challenges to Come

By
0
January 1, 2009
Welcome to 2009 – Many Challenges to Come

The past year provided a gut-wrenching sequence of events that will have extreme consequences for 2009. Leo Kolivakis in his Pension Pulse provided and excellent recap of 2008. He also highlights some of the potential implications of last year’s events for pensions in this coming year. One of the first challenges of the year...
Read More »

Welcome to my Blog

By
0
December 29, 2008

Welcome to my blog. Thanks for visiting. This is a site that I will use to compile my writing about the current pension predicament. An excellent part of this site is that I can also include links to the most commonly referenced material about pensions. There is increasingly more and more information in the...
Read More »