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