Posts Tagged ‘pensions’
« Older Entries | Newer Entries »
Labour force participation, immigration headline OECD’s Canada report
… the OECD recommended, among other things, that Canada invest more in affordable child care, raise its retirement age and do a better job matching immigration applicants’ qualifications and experience to specific skills needs… “Get people to work longer or retire later, increasing female participation – that kind of thing has a bigger effect than changes in feasible amounts of immigration,”
Tags: economy, globalization, immigration, participation, pensions, standard of living
Posted in Policy Context | No Comments »
‘Unretirement’: Why many Americans try retirement and then change their minds
A 2010 analysis… found that more than a quarter of retirees later resumed working… in 2017… almost 40 per cent of workers over 65 had previously, at some point, retired… the Bureau of Labor Statistics supports that observation. It reported that the proportion of Americans over age 65 who were employed, full-time or part time, had climbed steadily from 12.8 per cent in 2000 to 18.8 per cent in 2016. More than half were working full time.
Tags: economy, participation, pensions
Posted in Debates | No Comments »
Later Retirement versus Higher Immigration as Remedies for an Aging Population
Increasing the age at which Canadians typically cease work and access benefits such as pensions is a far more practical and powerful tool to mitigate the economic and fiscal stresses of aging… Safeguarding our living standards and public programs against the stresses of aging requires other tools – in particular, rewards for people who stay economically active into their 60s and beyond. If we foster longer working life and address other challenges facing our pensions and healthcare, we will handle demographic change much better
Tags: economy, featured, immigration, pensions, standard of living
Posted in Policy Context | No Comments »
After the Sears debacle, why is Ontario making it easier to underfund pensions?
Leaving retirees to scramble in their golden years is cruel, and it is unconscionable to expect an overtaxed middle class to foot the bill for corporate chicanery. If governments won’t stop companies from dodging their pension obligations, it’s just a matter of time before we see the next Sears Canada. And that’s a prospect that should worry us all.
Tags: crime prevention, economy, featured, jurisdiction, pensions, rights
Posted in Policy Context | No Comments »
The Lion’s Share: Pension deficits and shareholder payments among Canada’s largest companies
This study examines the status of the defined benefit (DB) pension plans of Canada’s largest publicly-traded companies. Thirty-nine companies on the S&P/TSX 60 maintain DB pension plans, amounting to one-third of all private sector pension plan assets in Canada. However, only nine plans were fully funded in 2016. Together, the 39 companies oversaw a $10.8 billion deficit in their pension plans in 2016, while increasing shareholder payouts from $31.9 billion in 2011 to $46.9 billion last year.
Tags: economy, ideology, pensions, standard of living
Posted in Debates | No Comments »
The Lion’s Share: Pension deficits and shareholder payments among Canada’s largest companies
… 39 companies oversaw a $10.8 billion deficit in their pension plans in 2016, while increasing shareholder payouts from $31.9 billion in 2011 to $46.9 billion last year. This paper, co-published by the CCPA and the Canadian Labour Congress, details the extent to which DB pension plans among S&P/TSX 60 companies are underfunded, provides the cost to shareholders that eliminating the pension deficits would pose, and offers a series of recommendations for ensuring the security of retirees’ benefits.
Tags: economy, featured, globalization, pensions, rights, standard of living
Posted in Policy Context | No Comments »
Federal government can and must put pensioners first
The federal government can and must ensure bankruptcy laws put pensioners at the front of the line. And it can go one very important step further: working with the provinces and territories to create Canada-wide mandatory pension insurance. Such a system would guarantee monthly pensions up to $2,500 whenever an employer with an underfunded pension plan… It would be paid for by pension funds, a fair trade-off, given their tax-exempt status.
Tags: economy, featured, ideology, pensions, rights, standard of living
Posted in Debates | No Comments »
Recent Comments