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Thursday, November 21, 2013

Shared Risk Pension Model Called "Irresponsible"

" Policy development on the fly".........That's what provincial government retirees are calling the shared risk pension model and have their own expert criticising what's being proposed. 

The Pension Coalition calls Bernard Dussault one of the original architects who reformed the Canada Pension Plan as well as being actuary for the Professional Institute of the Public Service of Canada. 

Dussault is denouncing the shared risk model as irresponsible because it lacks the standard actuarial projections on how much it will wind up costing along with what the short, medium and long term financial effects will be on the provincial pension plan itself.