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Fair contributions for existing employees.

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December 14, 2010
Fair contributions for existing employees.

 Cartoon from the terrific editorial cartoon staff at the St John Telegraph-Journal Currently the federal public sector contributes 8.4% into a plan that is worth about 34% of salary. The taxpayer is left picking up 25.6% of the existing plans. Changes be made to the existing plans to make them more fair?  PSP Pension profile ...
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Essential elements of pension reform in Canada – Part I

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December 13, 2010
Essential elements of pension reform in Canada – Part I

It is recognized that retirement savings pensions in Canada are in crisis, at least for the private sector. Of course there is no crisis for public sector employee pensions, because they are backstopped by taxpayers. Canadian Finance Ministers head to Kananaskis for meetings on December 20, 2010. The prime item on the agenda is...
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How much is enough?

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December 7, 2010
How much is enough?

As we head towards the finance meetings in Kananaskis there is much debate on the issue of pensions. Most Canadians are unaware and have minimal knowledgeable of the real issues surrounding pensions in Canada. The photo above is from a magazine issue this year from Reason magazine. It describes what has happened in Canada...
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The RRSP Credit Idea

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November 25, 2010
The RRSP Credit Idea

This week there was a special session in the House of Commons to discuss pensions. In preparation for that session some MP’s were doing their homework on the issue. I will post my recommendations to one MP in an upcoming blog post. This week as the discussions about CPP reform heated up The Current...
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On the trail to Kananiskis

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November 18, 2010
On the trail to Kananiskis

This is an important time for pension reform in Canada.  Next month in Kananskis the finance ministers of Canada are getting together to develop a plan for improving Canada’s retirement security system. One the table are two proposals, one to improve CPP and the other to add  an additional, or supplementary plan on top...
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Unions gone Mad

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November 1, 2010
Unions gone Mad

Concern over public sector unions is being reflected across the country. The public sector is the only bastion of unions. Private sector unions are almost dead. It appears public sentiment is turning against the public sector ones. A battle is beginning and it is tied into the gold-plated pension issue.   The tide has turned...
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Canada’s Pension Options

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October 26, 2010
Canada’s Pension Options

It appears that most Canadians have recognized that Canada has a retirement crisis that needs to be fixed. The debate is focused on two options. These are included in an article from the Globe and Mail entitled  Upgrades to Canada Pension Plan likely to miss fall deadline. Governments consider ways to boost retirement savings...
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Opportunities for Canada’s pension funds

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October 25, 2010
Opportunities for Canada’s pension funds

The UK is under severe financial distress, or so thinks the current government. As a result the British government is looking at ways to lessen their financial problems. Like all governments in times like these they look at selling assets to help pay for the high costs of the public sector and its pension...
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UK makes dramatic pension changes

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October 20, 2010
UK makes dramatic pension changes

The UK sees their system of government as being in big trouble.  Today they made changes that attempt to turn the tide for the UK. For starts the UK slashes 490,000 jobs amid deep budget cuts The British government announced deep budget cuts Wednesday, as it tries to fight what its finance minister called...
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Police and firefighters cost $180,000 per year in San Jose, California

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October 14, 2010
Police and firefighters cost $180,000 per year in San Jose, California

 The Economist reports on the pension crisis in America in a recent article Hard-pressed American states face a crushing pensions bill   CHUCK REED is the Democratic mayor of San Jose, California. You might expect him to be an ally of public-sector workers, a powerful lobby in the Golden State. But last month, at a...
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