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Or instead of eliminating Pensions, start actually collecting the money properly. I work at for a government pension plan (in Canada). We make more money every
by soperj 10y ago
Or instead of eliminating Pensions, start actually collecting the money properly. I work at for a government pension plan (in Canada). We make more money every year than is paid out, and are more than covered for future years at this point.
- merpnderp 10y agoNo reason pensions don't work. But it requires a responsible government. And if you could give the rest of the world some of that responsible government, we'd all appreciate it.
- jpiasetz 10y agoThe Canadian federal government just bailed out a bunch of underwater pensions by increasing CPP (which itself is under fund if you look at it the way non-CPP pensions report https://en.wikipedia.org/wiki/Canada_Pension_Plan#Unfunded_liability https://en.wikipedia.org/wiki/Canada_Pension_Plan#Unfunded_l...)
- toomuchtodo 10y agoSounds ripe for funding with a tax on property purchases by foreign nationals.
- mtanski 10y agoThey might get lucky once. I wouldn't count on another windfall when the pension plans get in trouble in the future.
- deleted 10y ago[deleted]
- soperj 10y agoCPP isn't for government employees, it's for everyone. The government doesn't run the pension plan for it's employees, they have corporations that do that, so they're independent of the government, and won't allow them to play shenanigans with being underfunded.