The Third Rail

The Third Rail

Saving Canada's Pension System

Book - 2013
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Explains why the Canada Pension Plan is unsustainable, and what must be done to fix it.
Publisher: Toronto : Signal, c2013.
ISBN: 9780771046636
Branch Call Number: 331.2520971 Lee
Characteristics: 183 p. : ill.
Additional Contributors: McNish, Jacquie


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NFreaderNWPL Aug 11, 2017

A pension fund manager and journalist collaborate to produce this brisk analysis of the state of income security in retirement. Using New Brunswick, Rhode Island, and Holland as case studies, they make the case for sustaining defined benefit pensions into the future without shying away from challenges.

Dec 08, 2013

This is a short book that gives a good overview of proposed changes that are in store for pension plans in Canada. What it does not do is give any ideas on how to maintain a comfortable standard of living for seniors facing declining pension income. While the proposed changes may save underfunded pension plans, the benefits paid out will be a faint shadow of what was originally promised to millions of retirees. I believe that the only solution is a return to reasonable interest rates of around 5% on bank deposits.


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Apr 01, 2014

Vincent Cianci, the Prince of Providence, was so indifferent to pension costs that he approved new cost-of-living allowance (COLA) benefits that hiked retirees' pensions by as much as 6 per cent annually.

The stunning raise was a windfall for some pensioners. By 2011, former Providence fire chief Gilbert McLaughlin was pocketing an annual pension of U.S. $197,000, three times his annual salary of $63,000 when he retired in 1991. If McLaughlin lives to one hundred, his pension will be $700,000.

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