- employees in the public sector are paid more than is publicly acknowledged and, in many instances, more than their private-sector counterparts;
- public sector employees shelter more of their retirement savings from tax than other Canadians are permitted to shelter; and
- taxpayers bear much of the investment risk taken by public-sector plans while the reward for risk-taking goes to public employees as higher compensation."
Thursday, March 20, 2014
Malcolm Hamilton on Public-Service Pensions
Well-respected pension expert Malcolm Hamilton has a new report entitled Evaluating Public-Sector Pensions: How Much do They Really Cost? He shows that public-sector pension costs are "materially understated and, as a consequence: