Pension & Retirement News
New Information
Recent Pension Reform Initiatives
Below are a number of links regarding pension reform initiatives by the Federal and Ontario governments:
Pension reform can't wait for country's economy to improve (Vancouver Sun, Feb 6, 2010)
Final Report of the Commission: A Fine Balance - Safe Pensions - Affordable Plans - Fair Rules (Ontaria report)
Special Communique. October 29, 2009 (analysis of Federal reforms)
Toronto Star, Nov 1, 2009: "Baby Steps on Pension Reform" (newspaper report on Federal reforms)
The Globe and Mail (newspaper report on Federal reforms)
Benefits Canada, Oct 29, 2009: Ontario to release phase one of pension reform in November (Benefits Canada article on Ontario report)
Become an Affiliate Member of the BC Retired Teachers' Association
The Canadian Labour Congress Retirement Security Campaign
The CLC has recently initiated a cross-country campaign on behalf of the millions of Canadians who will have inadequate resources when they retire, unless changes are made. Canada’s retirement programs have many similarities to the US health care system. Some of the well known facts are that 75% of private sector workers have no pension. Many working people have lost much of their retirement savings in the economic downturn. CPP and OAS only replace about 25% of the average wage while 60% to 70% is required. Many working people do not earn enough to contribute to RRSP’s to make up the difference.
The CLC campaign is promoting a plan that includes phased in increases to the Canada Pension Plan to enable benefits to increase from 25% to 50% of average earnings. Details are available by clicking on the following link:
http://www.canadianlabour.ca/action-center/get-real-its-economy/protecting-workers-pensions
Judge tosses out suit over retirees, Canwest News Service Oct 7, 2009
FPSE Pension Presentation
Weldon Cowan, FPSE Pension Trustee, delivered a presentation on the latest pension issues -- in particular, the reitrement benefits and the inflation adjustment account. Click here to view the presentation information.
BC Teachers Take Pension Hit - February 19, 2009 - Cuts could affect up to 100,000 retired and working, K through college - by Crawford Kilian
B.C. Retired Teachers' Association - Link to an organization for retired educators
Memo to bcIMC Pension Clients - November 17, 2008 - Financial Market Update
How Does The Elimination Of Mandatory Retirement Affect Employees? - Prepared by Virginia Cooke (FSA Contract Chair) and Diane Griffiths (Associate VP, Employee Services)
Links
Here are the links to the articles on Retirement, as mentioned in November/December 2007 Words & Vision (p.10):
FPSE Discussion Paper. Mandatory Retirement (March 2006)
An Economic Primer on Mandatory Retirement. Kesselman, J. R., Professor, Public Policy Program, Simon Fraser University, and Canada Research Chair in Public Finance. Presentation to the SFU Faculty Association on Sept. 24, 2004.
SFUFA Agreement on Mandatory Retirement
UBC Faculty Association FAQ
UBC Memorandum of Agreement on Mandatory Retirement
Additional Articles:
A New Organization for College Retirees - Post-Secondary Educators' Branch
Mandatory Retirement: It's Not About The Money - Presentation to the SFUFA Spring General Meeting
Elimination of Mandatory Retirement - SFU, Sept. 2004, Presentation by Dr. P. Mercer, Faculty of Law, University of Western Ontario
