Posts Tagged ‘pensions’
Ontario schools crack down on retirees who ‘double-dip’ with supply jobs
Monday, April 26th, 2010
Apr. 26, 2010
A 20-year-old policy meant to deal with teacher shortage that has since evaporated allows retirees to teach as much as half the school year, or 95 days, in the first three post-retirement working years and 20 days in following years… The government and the teachers’ federation have not indicated whether changes are coming to the self-policing system and loopholes that allow teachers to work beyond any allotted days without their pensions being affected.
Tags: budget, pensions
Posted in Education Debates | 6 Comments »
Economists warn of financial crisis threat [pensions, market volatility]
Sunday, April 18th, 2010
April 15, 2010
A new CCPA report by pension expert Monica Townson argues that expanding the Canada Pension Plan is the most effective way to address Canada’s pension difficulties. Options for Pension Reform: Expanding the Canada Pension Plan also provides an anlysis of options on how to plan that expansion.
Tags: economy, pensions
Posted in Policy Context | No Comments »
High noon for pension reform
Sunday, April 18th, 2010
April 15, 2010
The president of KPA Advisory Services Ltd. is pushing for a supplement to the Canada Pension Plan that would benefit the 75% of Canadians who don’t have employer pensions. His focus on improving prospects for middle-income Canadians earning $30,000 to $100,000 makes it one of the leading contenders for reform.
Tags: pensions, standard of living
Posted in Debates | No Comments »
Coming soon: the great retirement shock
Saturday, April 17th, 2010
April 17, 2010
… pension experts believe the only answer is some version of soft coercion. That is, you must strongly encourage people to save for their own retirement throughout their working lifetime, while preserving some element of choice… But it turns out most people don’t want to choose. They’re just not that knowledgeable or interested… Yet, the truth is that if we want to cushion the coming retirement shock, it’s going to cost us plenty.
Tags: pensions
Posted in Debates | No Comments »
Can Canada own the pension podium?
Monday, April 12th, 2010
Apr. 09, 2010
It is a fact that three-quarters of our private-sector work force does not have an employment-based pension plan. A significant proportion of these workers are not saving enough to maintain their living standard post-retirement… Some observers believe that tinkering with the funding rules and creating a national pension insurance scheme can make these solvency problems go away. These are illusions.
Tags: pensions
Posted in Debates | 1 Comment »
All talk, no action on pension reform
Saturday, April 10th, 2010
Apr 10 2010
Flaherty announced “online consultations” with a special email address (ris-consultations-srr@fin.gc.ca) so you can drop him a line. But the bottom line is that this looks suspiciously like another ruse by a government that is buying time in tough times. It took a near economic collapse to make Canadians realize they are sleepwalking to retirement shortfalls if nothing is done to shore up vulnerable pensions, volatile investments, outdated bankruptcy laws – and a gaping hole that leaves nearly two-thirds of Canadians without an employer pension plan.
Tags: pensions
Posted in Debates | No Comments »
What level of ‘pensions’ do Canadians really want?
Friday, March 19th, 2010
March 19, 2010
Canadians — employers, employees and the self-employed — need both adequate information and, most importantly, appropriate vehicles to provide efficient risk-adjusted management of their savings both during working years and in retirement… if Canadians want high incomes and consumption in their retirement years, they will have to save more of their incomes and forgo more consumption during their earning years.
Tags: pensions
Posted in Debates | No Comments »
Think you’ve got a pension? Well, you’d better think again
Monday, March 15th, 2010
Mar 15 2010
…a true pension guarantees predictable income, starting at some advanced age, which matches the increasing cost of living for retirees. Hope, expectations and estimates “in all probability” aren’t enough. Canadians need certainty. Pensioners need guarantees… pensions must be paid for by someone. The key to the future workability of the Canadian pension system is to create a framework that allows them to be offered at the lowest possible cost in today’s dollars.
Tags: pensions
Posted in Debates | No Comments »
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