A major federal public-sector union is warning that the Liberal government, which many public servants supported at the ballot box, may now be preparing to scale back their pension benefits.
No suprise that these self serving, entitled government "workers" are now only interested in Liberal policy only once that policy starts to affect themselves and their own pensions... There are way too many hogs who are feeding at the public money trough and dont care about anything but their own greed. All public sector unions have become politically militant, greedy and overly demanding. They are a blight and cancer on our economy, national productivity and society.....
Twenty-Five year finance guy here. I've reviewed dozens of pension plans in my career
This is much ado about nothing.
Pension pools are managed by actuaries who determine their long-term viability by reviewing the liabilities (pension obligations) against the rate of contributions and the amount of money in the pool to make recommendations.
The federal gov't makes contributions to the pool and when the pool falls short, the government has to cough up. Likewise, when the pool exceeds the need of members, the plan sponsor is entitled to peel off overcontributions.
It’s impossible to feel sorry for these incompetent workers who have milked the system and under performed. I don’t think there are many Canadians who have sympathy for this sector. It’s time to clean house, get rid of bureaucracy and hire competent people at half the force.
They thought Carney was going to be the Pied Piper. He told them Poliverre was going to decimate the public service... Guess the snake is having a good laugh.
No suprise that these self serving, entitled government "workers" are now only interested in Liberal policy only once that policy starts to affect themselves and their own pensions... There are way too many hogs who are feeding at the public money trough and dont care about anything but their own greed. All public sector unions have become politically militant, greedy and overly demanding. They are a blight and cancer on our economy, national productivity and society.....
Could not have said it any better. Thanks.
You would think they would care about the economic ruin and job losses but then again, they are Marxists.
Vote for garbage...
Get garbage outcomes...
It's called Karma.
F em. They're the richest employees in the country.
Twenty-Five year finance guy here. I've reviewed dozens of pension plans in my career
This is much ado about nothing.
Pension pools are managed by actuaries who determine their long-term viability by reviewing the liabilities (pension obligations) against the rate of contributions and the amount of money in the pool to make recommendations.
The federal gov't makes contributions to the pool and when the pool falls short, the government has to cough up. Likewise, when the pool exceeds the need of members, the plan sponsor is entitled to peel off overcontributions.
It’s impossible to feel sorry for these incompetent workers who have milked the system and under performed. I don’t think there are many Canadians who have sympathy for this sector. It’s time to clean house, get rid of bureaucracy and hire competent people at half the force.
I have only one thing to say about this issue. PSAC, you reap what you sow! Now, live with it, you are getting precisely what you deserve.
MC is after the CPP bank account!!
Why oh why did thus union vote for Carney
They thought Carney was going to be the Pied Piper. He told them Poliverre was going to decimate the public service... Guess the snake is having a good laugh.
At least that's a bit of revenge
Typical liberals and liberal supporters. They each are moronically blind to the other’s faults, until money is involved.
About time they see the light. Call for Carney to resign.