Additional Info for Pensions

The Nova Scotia Pension Agency is the administrator for all three plans mentioned here. The agency has an excellent website (novascotiapension.ca) that provides good information on both benefits and funding status. The information taken from there for this report has been simplified to improve readability, which means some of the characterizations are approximate. Readers interested in further details will find the website a worthwhile visit.

This document from the CD Howe Institute shows the comparable status of the federal government’s plans–an even uglier picture.

What happens when you don’t deal with the problem:

For additional reading, have a look at these articles “California’s $500-billion pension time bomb” by David Crane and “Going for Broke in L.A.?” by Tim Rutten as they examine the current affairs and potential damages regarding California’s unfunded pension payouts.