Posts Tagged ‘pensions’
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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 »
The era of big government isn’t over. It may be about to start
The mystery is why anyone ever thought private companies were the way to cover huge costs like health or pensions. It’s costly and patchwork; public programs make far more sense. They’re stabler, better funded and include some democratic oversight. But before the economy got financialized, and mighty companies turned into hedgies’ playthings, they could at least pretend to fill the need. Public programs, however, mean you need revenues to fund them.
Tags: budget, economy, featured, Health, ideology, participation, pensions, standard of living, tax
Posted in Governance Policy Context | No Comments »
Demise of Sears Canada should be catalyst for change
… to prevent this sort of fiasco… chang[e] our corporate laws so that those controlling corporations can be held personally liable for money owed to their employees… Wealthy capitalists used to be personally responsible for unpaid wages when their businesses went under. But capitalists fought hard in the late 19th and early 20th century to win the right to limit their liability. At first they won only a partial limit, but over the years U.S. and Canadian courts have extended that limit.
Tags: economy, ideology, pensions, rights
Posted in Policy Context | No Comments »
Good jobs improve health and profits
Bill 148 plans to increase the minimum wage to $15/hour and guarantees 10 personal emergency leave days a year (of which two are paid) for all Ontario workers, among other measures. These are exactly the types of policies we need to start seeing more of, and it is wonderful to see businesses also advocating for a healthy workforce and a healthier Ontario.
Tags: economy, Health, ideology, participation, pensions, standard of living
Posted in Debates | No Comments »
The missing middle
Since the Great Recession, temp work has grown 12 times faster than permanent employment for so-called prime-age workers, or those between the ages of 25 and 54… prime-age workers are finding it increasingly difficult to secure permanent jobs – there were 52,000 fewer of them working in permanent positions last year than there were in 2008… The cohort with the highest skills, meanwhile, are enjoying the biggest pay raises.
Tags: economy, featured, participation, pensions, poverty, standard of living
Posted in History | No Comments »
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