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The Third Rail: Confronting Our Pension Failures Hardcover – Oct 29 2013


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Product Details

  • Hardcover: 192 pages
  • Publisher: Signal (Oct. 29 2013)
  • Language: English
  • ISBN-10: 0771046634
  • ISBN-13: 978-0771046636
  • Product Dimensions: 14.6 x 2 x 21.7 cm
  • Shipping Weight: 340 g
  • Average Customer Review: 4.4 out of 5 stars  See all reviews (17 customer reviews)
  • Amazon Bestsellers Rank: #29,446 in Books (See Top 100 in Books)

Product Description

Review

       • "Possibly clearer than any book on pensions thus far.... This is a powerful message for Canada's ministers and their officials to contemplate.... The book should be required reading for our political leaders before they meet."--Globe and Mail 

   • "Leech and McNish's book will be a helpful road map for both policy makers and the public at large."--Literary Review of Canada 

   • "The authors not only describe the causes of the impending crisis and its potential consequences, they offer solutions to avert the disaster."--Winnipeg Free Press


From the Trade Paperback edition.

About the Author

Before becoming president and CEO of the OTPP in 2007, JIM LEECH was president and CEO of Unicorp Canada Corporation, one of Canada's first public merchant banks, and Union Energy Inc., then one of North America's largest integrated energy and pipeline companies. During the 1990s, he guided two start-up technology companies -- DisysCorporation and Kasten Chase Applied Research - to the revenue generation stage. Leech serves on the boards of Toronto General and Western Hospital Foundation, the MasterCard Foundation and was a founding director of Right To Play International. He also chairs the advisory board of the Queen's School of Business and is on the advisory board for The Learning Partnership, the advisory council for the Toronto Region Board of Trade and the Toronto Financial Services Leadership Council. In 2012, Leech was awarded the Queen's Diamond Jubilee medal in recognition of his work with the True Patriot Love Foundation.

JACQUIE McNISH is a senior writer with the Globe and Mail and regular host on BNN, Canada's business news network. She is the winner of five National Newspaper Awards and the author of two bestselling books.

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Customer Reviews

4.4 out of 5 stars
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By Michel on Nov. 14 2014
Format: Kindle Edition Verified Purchase
Fournit une bonne description générale de la situation des régimes de pension autant au Canada qu'à l'étranger; un avertissement pour les responsables de régimes de retraite au Québec. Avec près de 100 milliards de déficits accumulés, il est clair que nous allons goûter la médecine que d'autres ont déjà dû avaler, et pas toujours volontairement.
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Format: Hardcover
It is a well written narrative of the troubles - large deficits in meeting pension obligations, experienced by pension plans across a few cities in North America. As good narratives go, it provides human and circumstantial contexts of the issues, the resulting actions (imprudent in case of Central Falls), and a description of what will/should be the new normal for pension plans. The resulting actions, with the exception of Central Falls, were solutions that were drawn by studying the Dutch model.

In presenting the Dutch model the authors provide an adequate amount of history. They also describe the changes that this benchmark Dutch model is going through.

In summary, this book includes a good blend of scientific facts and the human stories that make for an engaging read.

My personal generalization from reading the book: The narrative provides a reminder that when faced with challenging circumstances one must resist the temptation to maintain status quo.
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Format: Kindle Edition Verified Purchase
This is a topic that will impact almost all Canadians, many directly and to a large degree. To date, most people have had their heads firmly planted in the sand, reading this book would be a great first step towards pulling them out.
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Format: Kindle Edition
Was a good read for me as I am preparing to address a conference on the topic of the Future of Defined Contribution in Canada.
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Format: Hardcover Verified Purchase
The writing was poor ; the other examples were poor and there was little insight in how to convince employers to stay with defined benefit plans.
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By dale robinson on Feb. 5 2014
Format: Hardcover Verified Purchase
Well written and informative. Brings light to what is a very important challenge to modern society.Good models of reform proposed.
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Format: Hardcover
An interesting read though the conclusion(s) was pretty obvious. We all have to share the risk when it comes to pension savings and payouts. But in the end we will all see reduced benefits.
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Format: Hardcover Verified Purchase
This information is so impritant to us and others in our demographic. We need to take care of ourselves because the goverment is not going to.
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