|
Pension deficits aren’t the fault of public-sector workers
Wednesday, February 22nd, 2012
Feb. 22, 2012
During those golden years, employers were making their pension contributions using money taken directly out of pension-fund surpluses. There was nothing strictly illegal about this. The surpluses legally belonged to them, just as deficits belong to them… Currently, a majority of Canadian workers do not have a workplace pension plan, and one-third has absolutely no savings set aside for retirement. The loss of supplemental pension plans would mean an increase in poverty among seniors, which in return would mean higher costs for the government in health care and social services.
Tags: budget, economy, pensions, rights, standard of living
Posted in Social Security Debates | No Comments »
Recent Comments