Are you doing apples and oranges by comparing the payroll rebate and payroll growth with support for the film industry and spending by that industry? Is that payroll growth of $154 million for the entire economy or only firms in receipt of payroll rebates in 2016-17? Unless it’s the latter it’s an inaccurate comparison.
Your remark on an annual interest cost of $86 million for the $1.4 billion Teachers’ Pension Plan deficit is puzzling. Could you explain where that number comes from?
With most young teachers being hired at a later age, the provision of a non-discounted pension at age 55 seems one that could be adjusted to a pension actuarialy equivalent to retiring at 65, and thus reduce that deficit substantially.
The plan valuation assumes assets equal to liabilities earning 6.15% interest. The interest cost is 6.15% times the deficit of $1.4 billion, the shortfall in assets.
Provincial budget speeches don’t get much attention as most taxpayers just want to know if there are any income taxes being increased .What is interesting is that the various pension plans for the various provincial employee groups . Why do some have indexing and some do not ? Why do some have different severance formulas than others ? Are all the funds being examined to the same levels ?? Is aquaculture our best ROI??? So we pay a $1000 plus for every USA ferry tourist and TNS thinks we should market to China and LGBT .Where did highway twinning promises ? What about rail ??? i
You likely would have had your own speaker, making that speech, if the provincial Tories had made the correct political decision a decade ago and allowed you to steer the ship.
I like Jamie, but second place is still second place.
Are you doing apples and oranges by comparing the payroll rebate and payroll growth with support for the film industry and spending by that industry? Is that payroll growth of $154 million for the entire economy or only firms in receipt of payroll rebates in 2016-17? Unless it’s the latter it’s an inaccurate comparison.
Richard Starr | October 8, 2017 |
It is only for firms in the payroll rebate and only counts the GROWTH in payroll in those firms.
Thanks for asking.
Bill
Bill | October 8, 2017 |
Your remark on an annual interest cost of $86 million for the $1.4 billion Teachers’ Pension Plan deficit is puzzling. Could you explain where that number comes from?
With most young teachers being hired at a later age, the provision of a non-discounted pension at age 55 seems one that could be adjusted to a pension actuarialy equivalent to retiring at 65, and thus reduce that deficit substantially.
Randy B | October 7, 2017 |
The plan valuation assumes assets equal to liabilities earning 6.15% interest. The interest cost is 6.15% times the deficit of $1.4 billion, the shortfall in assets.
Bill | October 8, 2017 |
Provincial budget speeches don’t get much attention as most taxpayers just want to know if there are any income taxes being increased .What is interesting is that the various pension plans for the various provincial employee groups . Why do some have indexing and some do not ? Why do some have different severance formulas than others ? Are all the funds being examined to the same levels ?? Is aquaculture our best ROI??? So we pay a $1000 plus for every USA ferry tourist and TNS thinks we should market to China and LGBT .Where did highway twinning promises ? What about rail ??? i
peter s | October 7, 2017 |
What Leadership should sound like..
Bob MacKenzie | October 6, 2017 |
You likely would have had your own speaker, making that speech, if the provincial Tories had made the correct political decision a decade ago and allowed you to steer the ship.
I like Jamie, but second place is still second place.
A true conservative | October 6, 2017 |