Public Sector Pensions

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Public Sector Workers Are Making Out Like Bandits

The Canadian Federation of Independent Business (CFIB) recently released a report that leaves no doubt about this wage gap. Public sector employees are making a lot more than you are for doing the same job. To add insult to injury, public sector employees are also working fewer hours than you to earn their above-market wages.
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Breaking Down Calgary's Property Tax Increases

Once again, Calgary city council has raised property taxes beyond the rate of inflation. No surprise. Over the past seven years, only once, in 2007, has council approved a tax increase below Calgary's inflation rate. The latest hike, 4.5 per cent in residential property taxes for 2015, is triple the average annual Statistics Canada inflation rate for the 2010-2014 period in Calgary

Kicking Alberta's Unfunded Pension Liabilities Down the Road

By again kicking the existing unfunded pension liabilities down the road, the province has exposed taxpayers to future risks and more bailouts, obvious or hidden. The government has also demonstrated that the theory about political behaviour -- politicians mostly act in their own short-term electoral interest and not in the long-term interest of the public -- is regrettably true more often than not.

Government Unions and Pension Fantasies

The government/private sector pension disparity is a problem. Defined benefit pensions promise enrollees guaranteed benefits at a certain retirement age. But when existing contributions and the returns hoped for do not materialize, taxpayers without such guarantees must bail out government plans because of the promised benefits.
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How Not To Reform Government Pensions

Whether one-time bailouts or multiple hikes in pension contribution rates, tax dollars are still used to top up public sector plans, and this is because plan members are guaranteed a certain level of benefits in retirement. And that's the real problem: taxpayers, most of whom do not have a registered defined benefit plan, end up paying for pension promises to government employees' unions.

What's Buried in the Tories' Omnibus Bill

The Conservative government recently introduced C-45, an omnibus bill containing provisions to create a two-tier public sector workforce in this country. Buried in the bill is a provision to raise the age of retirement for all public employees hired after January 1, 2013