Friday, January 16, 2009

Public pensions in deep doo-doo

William Tufts is doing Canadians a huge favour. The employee benefits specialist recently created a new blog, Fair Pensions For All. Barely out of the gate, Tufts already has an informative blog on the problem of public pension liabilities in Canada. It's all at http://fairpensionsforall.blogspot.com/.

Pension liabilities are part of what pushed Nortel over the edge, and we will soon discover how bad it is in our governments. Frankly, they can't afford to bail out corporations. They are so indebted by the pensions they owe their employees that they're already in deep trouble. It's no better south of the border, leaving some to ask, "Who will bail out Uncle Sam?"

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