Pensions and Retirement Concers -
Rosanne Orcutt:
“
Rosanne , found an article on Aging and
Wellness very interesting and valuable and would like to share it with
you. (Click here)
HOW THE FEDERAL GOVERNMENT COULD
INFLUENCE OUR PENSIONS
BILL
C27
Bill C27 is a Federal Bill introduced by the current Liberal Government
in October 2016. It affects pension legislation which applies to
federally regulated private and public corporations, but it could
readily be used as a model to push against Defined Benefit Plans. It allows a new
type of pension plan to be implemented by those corporations. Previous
to Bill C27, for the most part, only two types were allowed where
the Federal Government had control. They are Defined
Contribution Plans and Defined Benefit Plans.
Our teachers’ pension is an example of a Defined Benefit Plan. The new
plan which would be allowed under the bill is a Target
Benefit Plan (sometimes inappropriately called a Shared Risk Plan).
(read more)
For more information on the different kinds of Pension Plans
and the Global picture of Pensions in our current world,
please
type in the following URL www.bit.ly/pensionsin21stcentury
You will find a presentation prepared by RTO members,
Rosanne Orcutt (rosieo@cogeco.ca)
and Bob Sutton (7991bob@cogeco.ca)
They would be glad to answer any questions you have.
OTF President Mike Foulds:
"the one percent is responsible"
On September 28, 2016, MacLean's
magazine published an editorial,
"Why the one percent isn't to blame for income inequity."
OTF
president Mike Foulds responded with the following letter to the editor. A
portion of this letter was published in MacLean's letters to the editor
on October 10.
It was disheartening to read the September 28, 2O16
Editorial, "Why the one percent isn't to blame for income inequity", Our
Editorial: It's past time to rein in the public sector pension plan
bacchanalia. Not disheartening as a member of a fully funded,
jointly-sponsored public pension plan but disheartening to see what was
once Canada's preeminent weekly news magazine sink further into the muck
of right wing "journalism", best exemplified by such luminaries as Fox
news.
To read the full article
(click page
1)
(click for page
2)
