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A free floating commentary on culture, politics, economics, and religion based on a passionate commitment to the truth and a desire graciously to refute that which is contrary to it….
"He must hold firm to the sure word as taught, so that he may be able to give instruction in sound doctrine and also to confute those who contradict it."
--Titus 1:9, Revised Standard Version
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Ottawa’s pension liabilities understated by $80-billion: report
The federal government is understating the liability for its employee pension plans by $80-billion because it does not use “real world” investment returns in its calculation, a new report says.
A C.D. Howe Institute study has concluded the federal liability for pension plans now totals $227-billion, which is $80-billion more than the government reports in its Public Accounts.
“Ottawa’s calculations do not reflect investment returns available in the real world,” says co-author William Robson, who is CEO of the C.D. Howe Institute.
Read it all.
Filed under: * Culture-Watch • Aging / the Elderly • * Economics, Politics • Economy • Labor/Labor Unions/Labor Market • Personal Finance • Pensions • Politics in General • * International News & Commentary • Canada
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Two comments: 1) Like the US and unlike the europeans, the Canadians can simply inflate their way out of this problem. 2) the Canadian debt is much smaller than 10% of the US number.
December 13, 7:59 pm | [comment link]