|Amazon Price||New from||Used from|
HOW MUCH IS YOUR NEIGHBOUR'S RETIREMENT GOING TO COST YOU?
Once upon a time, working in the public sector in Canada meantthat in exchange for a lesser salary, one would enjoy additionaljob security and a reasonable pension upon retirementfair andjust rewards for a life in public service. But somewhere along theway, the 20% of Canadians belonging to public sector unions managedto negotiate bulletproof job security, salaries that far outstripanything comparable in the private sector, and incredibly generouspensions. The net effect? The way things are set up, many publicsector workers will collect more income in retirement than theyearned during their working careers.
And the 80% of taxpayers who don't belong to a public sectorunionmost of whom have no true pension at allget theprivilege of paying for it all. Nearly every one of those publicsector union pension plans is underfunded to the tune of hundredsof billions of dollars, and taxpayers are legally on the hook tomake up the difference, as well as any investment losses, untildeath do us part. How is that fair to anyone?
This book will open your eyes to one of the greatest legal assetre-allocations in the history of the world. Some call it pensionenvy, some call it pension apartheid. We call it a Pension Ponziplan, an unsustainable funneling of money from one group ofCanadians to another. Canadians are being bilked out of theirhard-earned money and cheated of secure retirements in order togold-plate the pensions of those who have engineered the system intheir favour.
Pension expert Bill Tufts and journalist Lee Fairbanksinvestigate the history, the present situation and the futurerepercussions of a system out of control.
Bill Tufts has been helping companies with their employeepension plans for 15 years and is one of Canada's leading expertson public sector pension reform. He speaks regularly on pensionmatters and has consulted for the Canadian Federation ofIndependent Business and the Canadian Taxpayers Federation. He wasa participant of the Ontario Government Round Table on RetirementSecurity and testified at the House of Commons Standing Committeeon Human Resources. Bill is regularly interviewed by the Globe andMail, CBC, Toronto Star, Hamilton Spectator, Montreal Gazette andthe Wall Street Journal.
Lee Fairbanks began his writing career with the Globe and Mail,first achieving notoriety by exposing the source of the bulletsthat killed Canadian peacekeepers in Cyprus in 1974. In 1980 hereceived the Walter Brebner Award for Best Editorial in Ontario asEditor of the Milton Tribune, for an editorial about ethics injournalism. He is an award-winning playwright and the author ofseven plays and Keep Canada Slim, a book on healthy weightloss.
This is a great book, finally exposing the trugh about unfunded pensions, & the significantly overpaid salaries plus benefits that most public servants receive. Read morePublished 17 months ago by Antitroughfeedersunite
This is an excellent book which reveals how badly our pension funding is out of date. The next generation will be paying for golden pensions which are now scheduled for those... Read morePublished on Jan. 31 2012 by Brenda
The very first sentence of this book states that public service unions are the biggest scam that Canada has ever had! Read morePublished on Dec 28 2011 by TechWriter