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Informationen zum Autor Bill Tufts has been helping companies with their employee pension plans for 15 years and is one of Canada's leading experts on public sector pension reform. He speaks regularly on pension matters and has consulted for the Canadian Federation of Independent Business and the Canadian Taxpayers Federation. He was a participant of the Ontario Government Round Table on Retirement Security and testified at the House of Commons Standing Committee on Human Resources. Bill is regularly interviewed by the Globe and Mail, CBC, Toronto Star, Hamilton Spectator, Montreal Gazette and the Wall Street Journal. Lee Fairbanks began his writing career with the Globe and Mail, first achieving notoriety by exposing the source of the bullets that killed Canadian peacekeepers in Cyprus in 1974. In 1980 he received the Walter Brebner Award for Best Editorial in Ontario as Editor of the Milton Tribune, for an editorial about ethics in journalism. He is an award-winning playwright and the author of seven plays and Keep Canada Slim, a book on healthy weight loss. Klappentext HOW MUCH IS YOUR NEIGHBOUR'S RETIREMENT GOING TO COST YOU? Once upon a time, working in the public sector in Canada meant that in exchange for a lesser salary, one would enjoy additional job security and a reasonable pension upon retirement--fair and just rewards for a life in public service. But somewhere along the way, the 20% of Canadians belonging to public sector unions managed to negotiate bulletproof job security, salaries that far outstrip anything comparable in the private sector, and incredibly generous pensions. The net effect? The way things are set up, many public sector workers will collect more income in retirement than they earned during their working careers. And the 80% of taxpayers who don't belong to a public sector union--most of whom have no true pension at all--get the privilege of paying for it all. Nearly every one of those public sector union pension plans is underfunded to the tune of hundreds of billions of dollars, and taxpayers are legally on the hook to make up the difference, as well as any investment losses, until death do us part. How is that fair to anyone? This book will open your eyes to one of the greatest legal asset re-allocations in the history of the world. Some call it pension envy, some call it pension apartheid. We call it a Pension Ponzi plan, an unsustainable funneling of money from one group of Canadians to another. Canadians are being bilked out of their hard-earned money and cheated of secure retirements in order to gold-plate the pensions of those who have engineered the system in their favour. Pension expert Bill Tufts and journalist Lee Fairbanks investigate the history, the present situation and the future repercussions of a system out of control. Zusammenfassung The vast majority of Canadians are blissfully unaware that every man! woman and child in Canada now owes a $35!000 share of government debt and must pay this back! with interest! Make no mistake! this debt will change our country and affect every single Canadian in the decades to come. Inhaltsverzeichnis Foreword v Introduction 1 Chapter 1: The Elephant in the Room 13 Chapter 2: The Devil is in the Details 31 Chapter 3: The Role of the Unions 47 Chapter 4: Politicians and Bureaucrats at the Trough 69 Chapter 5: Ontario Hydro: Power to the People 85 Chapter 6: Education: The New Sacred Cow 101 Chapter 7: Police Pensions 115 Chapter 8: How Much Do You Really Owe? 131 Chapter 9: A Ten-Step Plan for Pension Reform 145 Chapter 10: Steering the Titanic 157 Endnotes 177 Index 199 ...
