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.
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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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