Category Pension Reform

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 […]

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 […]

Pensions Advocacy

Pensions Advocacy Pensioners without a fully indexed government guaranteed pension plan are exposed to numerous problems, beside the corrosive effect of inflation over a lengthy retirement and the rapid disappearance of DB pension plans in general. Some of these exposures relate to pension rules or lack of them, that may have been appropriate when introduced, […]

Emergency Policy/Legislation Changes to Ease Impact of Pension Crisis and Enable Pension Reform

Emergency Policy/Legislation Changes to Ease Impact of Pension Crisis and Enable Pension Reform

Systemic Failure in Canada’s Private Pensions: Who could have prevented it? What could be done now?

Systemic Failure in Canada’s Private Pensions: Who could have prevented it? What could be done now? (Originally published April 17, 2009, and re-hosted on WordPress March 5, 2012) There has been much ink spilled already about the destruction of Nortel, Canada’s technology icon. As an almost 30 year employee of Bell-Northern Research/Nortel and now a pensioner, I […]

Pensions: Relief for companies, but not pensioners

Pensions: Relief for companies, but not pensioners Despite the fact that Canada’s financial institutions appear to be generally in better shape than American ones, some say due to more stringent regulation, even if that was true it sure doesn’t apply to protection of pensioners. Todd Wallack writes in the Boston Globe’s “Pension Plan Choices May […]