Retirement insecurity, anyone?
Retirement insecurity, anyone?
This article is more than 6 years old

Retirement insecurity, anyone?

Guess it wasn’t enough to cut public pensions in the 2012 budget – after not saying a word about it during the 2011 election campaign. Now, Conservative Party activists want to take a whack at public sector pensions at their party’s convention in a race to the bottom on pensions. This is the pitch from […]

October 29, 2013

Guess it wasn’t enough to cut public pensions in the 2012 budget – after not saying a word about it during the 2011 election campaign. Now, Conservative Party activists want to take a whack at public sector pensions at their party’s convention in a race to the bottom on pensions.

This is the pitch from one riding association: “to bring public sector pensions in-line with Canadian norms by switching to a defined contribution pension model” – “comparable to the private sector.” 

Another riding wants to tack on an anti-pension line to the party’s policy statement on “Public Service Excellence.” The benefits and pensions of public servants “should be comparable to those in the private sector, and to the extent that they are not, they should be made comparable to such private sector benefits and pensions in future contract negotiations.”

Translation? Let’s gut public sector pensions and make sure this better model doesn’t spread. The private sector is already leading in this race to the bottom, with fewer and fewer employers offering defined benefit pension plans. If the public sector moves away from secure defined benefit pension plans and replaces them with inferior alternatives – hello, defined contribution plans! – this will drive down pension benefits for everyone. 

A job well done – if your goal is retirement insecurity. But how about raising the bar for everyone?

Photo: 401(K) 2013. Used under a Creative Commons BY-SA 2.0 licence.

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Stephen Harper's evolving Senate talking points: the Monday edition
Stephen Harper's evolving Senate talking points: the Monday edition

Stephen Harper’s evolving Senate talking points: the Monday edition

Prime Minister Stephen Harper took to the airwaves Monday to try and get this pesky Senate story under control. He settled on appearing on Maritime Morning with Jodi Morgan, a friendly voice on the other end of the line. Morgan ran for the Canadian Alliance back in 2000, and went on to work for Harper.  […]

October 28, 2013

Prime Minister Stephen Harper took to the airwaves Monday to try and get this pesky Senate story under control.

He settled on appearing on Maritime Morning with Jodi Morgan, a friendly voice on the other end of the line. Morgan ran for the Canadian Alliance back in 2000, and went on to work for Harper. 

After getting the fluff questions about jobs, the economy, and trade out of the way – per the agreement…