Category Archives: Pensions

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“Meeting the global challenge of funding retirement” –Highlights of Robert Merton’s CFA Institute seminar

Posted on January 17, 2013

In a nutshell- In this 90 minute CFA Institute seminar, Nobel prize winning Professor Robert Merton tackles some of DC pension plans’ well known but unresolved deficiencies in a holistic approach to the mass/working class pension. He sets the stage by … Continue reading →

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Expanded-CPP Plus

Posted on December 26, 2012

In a nutshell -An expanded-CPP, let’s call it expanded-CPP Plus, may in fact be a good framework for Canada’s pension reform.  If one expands options beyond the dimensions (maximum pensionable earnings and percent benefits) currently under consideration, and one changes some of … Continue reading →

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Annuity or Lump-Sum (LIF): Upcoming Nortel pensioners’ decision

Posted on October 3, 2012
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In a nutshell In this blog I address the “annuity or lump sum?” and the  “if, when and how much  to annuitize?” questions with a discussion of the pros, cons and other qualitative considerations that go into this very personal … Continue reading →

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Took CPP at 65 instead of the previously planned age 70: What changed?

Posted on July 19, 2012

In a nutshell: The combination CPPIB investment strategy changes from passive to active, potentially higher effective future taxes, less transparency in CPP asset valuation due to growing proportion of private (company and real estate) vs. public investments, uncertainty of actuarial … Continue reading →

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Nortel bondholders poised to get $1.25/dollar while pensioner might get $0.15/dollar?

Posted on June 20, 2012

In a request for political action “Immediate actions to improve your outcome in the Nortel Insolvency” the NRPC is calling on all retirees and former employees who have Canadian claims to contact Minister of Industry Paradis, their senior regional MP and their own … Continue reading →

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Pure longevity insurance payout option in CPP would reduce retirees’ longevity risk

Posted on May 4, 2012
CPP with longevity payout cash-flow

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Adding a pure longevity insurance payout option to the CPP would go a long way to ease the pain of private sector employees with disappearing pensions. This blog adds some meat to the proposal I mentioned in last week’s PRPP or expanded CPP? … Continue reading →

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PRPP or expanded CPP? Consider adding a pure longevity insurance payout option to the CPP

Posted on April 25, 2012

 The debate whether Canadians would be better of with the PRPP or an expanded CPP was recently reignited with the Ontario government (rightly) re-thinking the wisdom of the PRPP over an expanded CPP. This morning’s news that McKinsey has issued … Continue reading →

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Pension Reform (presented to Ontario Expert Commission on Pensions- Nov 1, 2007)

Posted on March 13, 2012

Problems and solutions for DB pension plans and a proposal for pension system revolution (presented to Ontario Expert Commission on Pensions in Ottawa on November 1, 2007) ‘click’ on Pension Reform

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Pension Roundtable: Pension/Retirement Plan Reform

Posted on March 5, 2012

Pension/Retirement Plan Reform One of the interesting topics at the CFA conference that I recently attended was the topic of required pension changes to be implemented urgently with the accelerated unraveling of the defined benefit (DB) plans, the misapplication of … Continue reading →

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“Jack Mintz: Beware of the super pension fund” -NOT

Posted on March 5, 2012

“Jack Mintz: Beware of the super pension fund” -NOT Jack Mintz is wrong on each and every point in his above titled article in April 21st FP! NOT “immediate need is to soften insolvency regulations to reduce pressures on cash-constrained … Continue reading →

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