Public-sector pensions too generous

Extrait de: Public-sector pensions too generous, unsustainable: CFIB president, By ELIZABETH BOWER, Examiner Staff Writer

Canada's headed for crisis because public-sector pensions are too generous and there won't be enough money to pay for them as more baby boomers retire and continue to live longer and longer, a national business representative said.

Catherine Swift, Canadian Federation of Independent Business (CFIB) president, told Peterborough Rotarians on Monday that federal, provincial and municipal governments have "caved" to union demands and "betrayed" taxpayers with sweet pension deals over the years and there will be an inevitable financial meltdown if politicians don't take action.

"There are few people or organizations who are willing to discuss these crises because they are difficult and unpopular but the price of ignoring them is great and disastrous," Swift said during a Rotary Club of Peterborough luncheon at the Holiday Inn.

The CFIB is used to being the "skunk at the garden party" by discussing this topic, she said, but nobody's going to win, public-sector retirees included, if the country "hits the wall" financially.

"We should not feel smug that we will not, in the near future, be facing the very same issues that are now bedeviling Greece, Portugal, Wisconsin, Ohio and so many others," Swift said.

An "essential first step" would be for governments to fully disclose unfunded liabilities in all of their pension plans, she said.

Governments may also have to raise the retirement age, she said. It would be ideal to eliminate unions in the public sector, she said.

Elle ne doit pas se faire des amis avec cette proposition.

Public employees should also have the option to not be in an existing union, she said.

Exact, on brime la liberté individuelle en obligeant une personne à être syndiqué, les cours européenne ne permettent pas une syndicalisation obligatoire, ici au Canada nos politiciens copinent avec les syndicats.

In the 1950s, Swift said, government jobs meant lower pay but more job security and a better pension than a similar job in the private sector.

Unions "crept" into the public sector in the 1960s and have increased workers' compensation, benefits, vacation time, pensions and increasingly early retirement, she said.

Governments don't face market realities that constrain union demands, she said.

"They are one of the few businesses that can, by law, require its customers to purchase its services," Swift said.

Compensation for workers in private and public sectors should be roughly the same, she said.

100 % d’accord, de plus c’est le secteur privé qui crée la richesse,
sécurité d’emploi, permanence, ancienneté, OUT,
tous des privilèges qui briment l’efficacité et l’imputabilité.

The higher the salary, the higher the pension amounts, she said.

"Look at agencies such as Ontario Hydro and the massive salaries paid there," she said. "If you think hydro rates are high now, wait for the pension obligations to kick in."

Même chose pour Hydro-Québec, avec les nouvelles règles comptables, ils doivent tenir compte des déficits actuariels, quelle belle surprise, d’autres hausses de tarifs pour satisfaire des retraites dorées insolvables, au rythme que ça va, c'est bientôt le peuple qui va faire faillite.

Pas graves, nos politiciens, qui copinent avec les syndicats, se sont assurés eux aussi, d'avoir une retraite dorée sur le dos du peuple,
à moins que l'on frappe le mur avant…