Uncategorized

The future of pensions in Canada

By
0
February 3, 2011
The future of pensions in Canada

  Recently Arnold Schwarzenegger spoke at the Montreal Board of Trade. An article about his event was posted in the Montreal Gazette I am a little bit unique. In his first comments he spoke about the pension issue. In California, public pension underfunding was pegged at about $50 billion, but analysis by university researchers...
Read More »

The Alabama State Pension System on Way to Collapse

By
0
January 26, 2011

Are Union Pensions Bankrupting America? Watch the latest video at <a href=”http://video.foxnews.com”>video.foxnews.com</a>   Read the transcript here. Show transcript Bill Tufts  Fair Pensions For All
Read More »

Unions are Pissed!!!

By
0
January 24, 2011

NUPGE and OPSEU are mounting a campaign in opposition to the Ontario corporate tax cut program. Is there any disclosure on these unions? How much are they spending every year? Where are they getting their money? How much are the senior executives in the unions being paid? Unions are a huge lobby group in...
Read More »

The Real Story on Canada’s Debt?

By
0
January 23, 2011
The Real Story on Canada’s Debt?

This week I was out to a breakfast for the Minister of Economic Development for Ontario.She was proud of the fact that Ontario’s Debt to GDP ratio was running at less than 30%. She spoke of it being important relative to Canada’s competitors in the developed world. She then went on to state that...
Read More »

Clash of the Titans

By
0
January 21, 2011

The CLC is pissed and wants to find out who the party pooper is. Who killed CPP reform? CLC asks The Canadian Labour Congress (CLC) is looking for the culprits that stymied the enhancements to the Canada Pension Plan (CPP). The CLC publicly announced that in late December 2010 the group filed two Access...
Read More »

The Pension Problem Presses Relentlessly Onward

By
0
January 18, 2011
The Pension Problem Presses Relentlessly Onward

Note: Chart from Statscan Pension Satellite Account. Trusteed plans are pension plans It has been quiet on the pension front for a while after the Finance Ministers meeting in Kananaskis.  Kananaskis helped to solve some of the country’s pension problems. One big burden for taxpayers will continue, this is the cost of public sector...
Read More »

Need to buy more gold-plated pension?

By
0
December 24, 2010
Need to buy more gold-plated pension?

In the NY Post there is an article about the difference between retirees in the public sector and those in the private sector. It highlights some of the rhetoric used to identify the difference. Defenders of public employee pension systems often make the case that pension benefits are not all that generous. The outrageous...
Read More »

Ministers Agree to PRPP … now the hard part

By
0
December 20, 2010
Ministers Agree to PRPP … now the hard part

The UK NEST Plan .3% Management Fees It appears that Canada the country is on track to solving the pension predicament.  The Finance Ministers from all provinces have agreed to go ahead with the plan introduced last week by Flaherty, the federal finance minister. He calls the plan the Pooled Registered Pension Plan. The...
Read More »

The Pooled Registered Pension Plan

By
0
December 16, 2010
The Pooled Registered Pension Plan

There was some very big news today from the office of Finance Minister of Canada.   He released a report recommending that a new Pooled Registered Pension Plan to be established in Canada. It appears that the idea of enhancing the CPP is no longer viable and the PRPP is in play.  Benefits Canada reports:...
Read More »

Pension Replacement Levels

By
0
December 16, 2010
Pension Replacement Levels

What are fair income replacement levels? Why do we pay 70% replacement pensions for public sector employees? Many will retire with a higher standard of living  and with more disposable income than they had while working.  Other sources of personal income are not taken into account. What is a fair replacement level?   Public sector...
Read More »