Quote:
Originally Posted by SebC
Exactly. It's ridiculous that companies can promise compensation that, when they can't afford to provide it, the government steps in and provides in their place, at the expense of every other Canadian. (I hate the CAW so very, very much.)
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There are DB plans that are stable and effective though. Its easy to look at the obvious failures, and probably not prudent to base your system on these. Part of the problem is that companies making these promises have to fund the plans as they commit to though...that isn't always the case from my understanding.