Public Pension Liabilities Exceed $300 Billion

2014-01-28T22:49:08-08:00January 23rd, 2014|Categories: Pension Reform|Tags: , , |

Canada Post’s recent disclosure of a $6.5 billion pension fund shortfall left the federal government with no practical choice but to support the crown corporation’s plan to provide less service at higher rates. Pouring in public funds to bail out a gold-plated pension beyond the wildest dreams of the vast majority of taxpayers would have been politically toxic. Canada Post’s inflation-indexed, defined benefits plan guarantees up to 70 percent of employment earnings starting as early as age 55, but [...]