Continually, on the HOOPP board we hear that DB pension plans—common in the public sector and unionized private sector workplaces—are gold-plated and not sustainable. Nothing could be further from the truth.
The head of the Ordre des CPA du Québec told the province’s Committee on Public Finance can’t continue ignoring the flaws in the current retirement income protection system.
With its aging population and growing longevity, Canada needs to overhaul its public and private pension systems in order to secure the future of new retirees, according to a fresh report.
Sometimes the easiest questions to ask are the most difficult ones to answer. Here’s the easy question to ask: where do we begin the next stage of the debate about pension reform? The question is important because if we start in the wrong place, and ask the wrong questions, we will inevitably get the wrong answers.
The Canadian Labour Congress says it’s time for the provincial and territorial premiers to ask the federal government to expand the Canada Pension Plan.
San Jose is defending itself in court this week over its proposed pension reforms.
Two Detroit pension funds have filed a suit against the city’s emergency manager and the governor of Michigan to try to prevent Detroit from filing for bankruptcy.
As the country’s finance ministers prepare to consider options for a modest expansion of the Canada and Quebec Pension Plans, a new study makes the case that unless policy-makers are willing to think outside the box, these reforms will be of little help to the next wave of retirees.
In an effort to reduce growing pension liabilities in the United States, a top Republican senator has proposed a plan that would allow state and municipal governments to transfer pension management to insurance companies.
Illinois Governor Patrick Quinn has taken the unusual step of suspending pay for its representatives and senators until they can agree on how to eliminate the state’s nearly US$100 billion pension deficit.