Save my name, email, and website in this browser for the next time I comment.
It is grossly unfair to expect those with no pension plan to contribute to a plan that is grossly excessive.and was made so by successive governments who catered to the vocal. voting union.
A pox on all of them.
All parties must now put aside the petty politics and right a grevious wrong about to be done to those who can least afford it.
No more “top ups”
Switch to defined contributions NOW.for all public service pension plans or top up my RRSP also.
To:GS–maybe you can get a volume, one way discount for our impending trip
Bill | June 6, 2012 | Reply
In the long-run, those of you who expect the rest of us (who have no pension plans), to pay (bailout) for the shortfalls in defined benefit plans, are about to learn about risk. Perhaps the best thing would be to agree to switch them over to defined contribution status while there is something to switch – or move to Greece.
gordon stanfield | June 6, 2012 | Reply
Well perhaps with the sobering election results in Wiscousin last night the entire public sector union industry will wake up to the reality of the 2000s. The New Brunswick Model sounds like a similar model the South American country of Chile Adopted. The problem for pensions here is not only a declining contributor base for an expanding retiree population but choices pension funds have probably made as politically or ethically correct in their minds. Investing in Sobeys, Nova Scotia Power, the Canadian Banks and Bell probably erks the NSTU but the gripe index is the only way to dividends and profits that could sustain pension funds.
peter paul | June 6, 2012 | Reply
Creative Commons 2010 – Present