Image via WikipediaStill trying to figure out why the CUPW postal workers have a 3 billion dollar shortfall in their employee pension plan. Was it never funded, or did the government "borrow" the money from the Crown Corporation? Anybody out there know?
3 comments:
Pension fund short falls are almost always the product of management--in this case the Canada Post Corporation--borrowing from pension funds or investments losing money.
The Chretien/Martin Liberals raided the pension funds of all federal public servants in order to help falsely balance their budgets.
Actually Nonny, depending on how the pension is funded and invested, a shortfall could have nothing to do with underfunding and everything to do with something like, I don't know, a drop in the markets... you know... like the one that just happened 2 years ago and the subsequent recovery?
Post a Comment