Category Pensions
Nortel bondholders poised to get $1.25/dollar while pensioner might get $0.15/dollar?
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 local MP to request immediate legislative changes to “block the vulture bond funds from getting […]
Pure longevity insurance payout option in CPP would reduce retirees’ longevity risk
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? Consider adding a pure longevity insurance payout option to the CPP. The PRPP doesn’t meet […]
PRPP or expanded CPP? Consider adding a pure longevity insurance payout option to the CPP
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 a report (which I have not read and I don’t know who commissioned it) suggests […]
Pension Reform (presented to Ontario Expert Commission on Pensions- Nov 1, 2007)
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
Pension Roundtable: Pension/Retirement Plan Reform
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 the defined contribution (DC) plans and the often mentioned inadequately funded Social Security liabilities. At […]
“Jack Mintz: Beware of the super pension fund” -NOT
“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 companies”; the need is to secure the obligations made to millions of Canadian pensioners. These […]
New Ontario pension windup flexibility is great but must include ‘self-administration’ option
New Ontario pension windup flexibility is great but must include ‘self-administration’ option It is wonderful to read that Ontario Finance Minister Duncan decided to broaden the available options upon pension wind-up, rather than forcing pensioners into an annuity. The Nortel pensioner group NRPC’s announcement in the context of the so called Financial Sponsorship Model-FSM (ominously) […]
Nortel Pensions-Bankruptcy
Nortel Pensions The past week was a sad and painful one not just for pensioners, but for all current and past employees of the company. Retired pensioners tend to be older and mostly out of the work-force and would likely be especially hard hit by any reduction to their pensions. For many it would be […]
Ontario Expert Commission on Pensions Commissioner Arthurs’ report “an iron fist in a velvet glove”
Ontario Expert Commission on Pensions Commissioner Arthurs’ report “an iron fist in a velvet glove” I finished reading last night the Ontario Expert Commission on Pensions Commissioner Arthurs’ report “A Fine Balance- Safe Pensions, Affordable Plans and Fair Rules” Reading the title of the report I got worried about its content, however when I finished […]
Nortel seeks legal advice on exploring bankruptcy
Nortel seeks legal advice on exploring bankruptcy This is a sad day for current and ex-Nortel employees. The implication on pension plan members is difficult to determine as yet, but those who have read my earlier blogs on pensions may have a sense on the possible outcomes. A CAW note on potential pension outcomes in […]
RetirementAction.com 