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Old 04-10-2012, 09:43 AM   #1411
crazy_eoj
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Quote:
Originally Posted by Slava View Post
You probably remember my explanation that a pension liability had to be addressed as well? It makes no difference what side of the political spectrum you're on, but when you promise people a pension for their retirement it should be honored. I fail to see how a Wildrose government wouldn't have come to the same conclusion?

That's not a bribe at all. We pay pensions to our public servants, and that incudes teachers. If you are against that, fair enough. Those deals are all negotiated though, and even the Wildrose would have a nearly impossible time cutting that completely.
I don't think you understand what you are talking about.

The pension shortfall was allocated to be paid 25% by teachers, and 75% by government. That is what they agreed upon.

THEN, the government offered them 2 BILLION dollars towards the 25% the teachers had already agreed to pay. That on top of the billions the province had already paid for, as agreed upon, for their pensions.

So instead of teachers contributing the amount they agreed they would to their own pensions, Stelmach bought their silence with a quick 2 billion dollar payout.

And the wildrose would probably make public employees contribute to a defined contribution pension fund, exactly like the majority of private employees. Only public sector workers are comfortable with defined benefit pensions because they know the government will likely bribe them off with public money, and they will never acutally have to pay for their retirement like the rest of us.

http://www.calgaryherald.com/busines...381/story.html

Last edited by crazy_eoj; 04-10-2012 at 09:48 AM. Reason: fixed errors
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