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Status Quo Defined Benefit Pension Plans For Government Employees Akin To A Blank Cheque

on October 28th, 2014 by The Afro News

When such pension plans face shortfalls, the taxpayer is left to clean up the mess Since the turn of the millennium the ever-increasing cost to taxpayers of government sector pension plans has been made evident time and again. Contribution rates have been hiked, often doubling in one decade, or the plans have been partly bailed

Filed under: Opinion/Comment, Point of View, The Bridge Tagged as: Canada government, Canadians, Mark Milke, pension plans, taxpayer

Government on Right Track With Target Benefit Pension Plans

on June 6th, 2014 by Honore Gbedze
Happy Couple Photo galleryhip

By sharing some risks, workers can achieve higher investment returns By Robert Brown In a speech in Toronto recently, Kevin Sorensen, Minister of State for Finance, introduced details of a new “hybrid” pension plan proposed for all federal workers and other corporations under federal pension regulation. He referred to these proposed plans as Target Benefit

Filed under: Point of View Tagged as: finance, insurance company, Kevin Sorensen, private equity, Robert Brown, State, taxpayer
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