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Let the Good Times Roll

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October 13, 2010

Let the Party Continue! There is a party is for the benefit of Canada’s public service and the taxpayer is invited. Maybe I should say the taxpayer is mandated to attend and buy tickets. An article this week in the National Post shows how Ottawa Overstimulates the Civil Service. So who benefited most from...
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Public-Pension Deficits: How Big? Can They Ever Be Paid?

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October 5, 2010

                                                                                                                                                                                                                                                                                    
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A day of reckoning for public pensions

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October 4, 2010

A recent article in the Christian Science Monitor highlighted the current precarious state of public sector pensions plans. A day of reckoning for public pensions Federal workers earn 20 to 30 percent more per hour than their private sector counterparts. And where local, state, and federal government workers really come out ahead isn’t just...
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Pensions a Heated Political Issue

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October 1, 2010
Pensions a Heated Political Issue

Police riot in Ecuador over compensation! Earlier in the year I wrote an article entitled Canadian pension news headed for top spot in 2010 It turns out that it indeed pensions are a very big issue in the news this year. A recent article confirms the importance of pensions on the political scene and...
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More Pension Comparisons

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September 27, 2010

I read with interest an article about the head of the  CPP plan touring on a Public Relations campaign.  Canada Pension Plan at $130B and climbing The writer commented that at $129 Billion it is the largest the CPP has ever been and it is expected to grow to $464 Billion. This plan is...
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Pension disclosure

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September 24, 2010
Pension disclosure

Recently in California I had a chance to meet with Jack Dean. Jack runs a blog called Pension Tsunami he is also one of the key forces behind the California Foundation for Fiscal Responsibility they run the website California Pension Reform. Jack was responsible for helping to uncover some of the worst pension abuse...
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Pension Apartheid in Canada – Nortel vs OMERS

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September 23, 2010

Yesterday our blog looked at the huge difference between private sector and public sector pensions. Today another example has been exposed. Lets look at the OMERS (Ontario Municipal Employees) pension plan and the pension plan for Nortel.  OMERS and the Ontario government shocked cities across the province with the news that pension costs at...
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A Tale of Two Pensions

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September 21, 2010
A Tale of Two Pensions

The Toronto Star recently reported on one of  the largest pension plans in Canada. They are in Deep Doo-doo. It is reported in Big pension plan pressed to fix funding woes that: Canada’s biggest private sector, multi-employer pension plan hasn’t fixed mounting underfunding problems or clearly informed members about possible reductions in benefits. The...
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Extraordinary offer for taxpayers

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September 20, 2010
Extraordinary offer for taxpayers

US numbers but identical trend to Canada Thanks to a heads up from one of our blog readers (JD) we saw this article from The Ottawa Citizen by Kathryn May. Let’s talk wages, Tories tell unions  The Harper government made a surprising offer to negotiate wages with its major unions before contracts expire to...
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Token Gestures

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September 20, 2010

I have been away for a visit to see my father in California.  California has always been seen as a bell weather for trends. These include trends of all sorts from fashion to music to movies.  One area that I am interested in is the trend in government management and fiscal accountability. California offered...
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