Is Gwen, Kaylee Or Real Woman?

[Anonymous]

Yea but people usually think they are forever young when they are young...

Lack of preparation for tomorrow you mean.

Yea. I have an income other than my job. It should generate sufficient amount of money in my retirement... That is if my life doesnt drastically change before I retire.



I bet it will because I have thoughts of really letting the dogs out big time... Kinda like a last crusade before I die. :D

Pension or no pension, saving is never a bad idea.

[Obvious Li]

Yea but people usually think they are forever young when they are young...

Lack of preparation for tomorrow you mean.

Yea. I have an income other than my job. It should generate sufficient amount of money in my retirement... That is if my life doesnt drastically change before I retire.



I bet it will because I have thoughts of really letting the dogs out big time... Kinda like a last crusade before I die. :D

lol@Odie.....can't get into too much trouble in your basement big fella...so Cry Havoc  and let loose the dogs of war............good luck with that.......hehehe... :mrgreen:

[Odinson]

Lack of preparation for tomorrow you mean.

Yea. I have an income other than my job. It should generate sufficient amount of money in my retirement... That is if my life doesnt drastically change before I retire.



I bet it will because I have thoughts of really letting the dogs out big time... Kinda like a last crusade before I die. :D

lol@Odie.....can't get into too much trouble in your basement big fella...so Cry Havoc  and let loose the dogs of war............good luck with that.......hehehe... :mrgreen:

We dont have big basements... They are kinda like food coburns...



Some houses do have big basements but they are old as a sin.

[Odinson]

Lack of preparation for tomorrow you mean.

Yea. I have an income other than my job. It should generate sufficient amount of money in my retirement... That is if my life doesnt drastically change before I retire.



I bet it will because I have thoughts of really letting the dogs out big time... Kinda like a last crusade before I die. :D

Pension or no pension, saving is never a bad idea.

Of course.

[Anonymous]

Yea. I have an income other than my job. It should generate sufficient amount of money in my retirement... That is if my life doesnt drastically change before I retire.



I bet it will because I have thoughts of really letting the dogs out big time... Kinda like a last crusade before I die. :D

lol@Odie.....can't get into too much trouble in your basement big fella...so Cry Havoc  and let loose the dogs of war............good luck with that.......hehehe... :mrgreen:

We dont have big basements... They are kinda like food coburns...



Some houses do have big basements but they are old as a sin.

We have a full sized basement..



My husband has made it a very nice.

[Odinson]

lol@Odie.....can't get into too much trouble in your basement big fella...so Cry Havoc  and let loose the dogs of war............good luck with that.......hehehe... :mrgreen:

We dont have big basements... They are kinda like food coburns...



Some houses do have big basements but they are old as a sin.

We have a full sized basement..



My husband has made it a very nice.

We dont build them like that anymore.

[Anonymous]

Back to my original point, there is now that Kennedy should have ignored FDR's warnings and legalized unions across the federal civil service. I liked Kennedy, but that was a bad decision.

[Anonymous]

Spot on article here written by Derek Fildebrandt of the Canadian Taxpayers Federation on the unsustainability of snivel serpent defined benefit pensions.

Finance Minister Doug Horner is enjoying a brief moment of fiscal responsibility.



After two years of throwing caution to the wind with the province's finances, the minister is finally making a few decisions with an eye to longterm financial sustainability.



Horner has decided the province can no longer wait to tackle its insufficiently funded employee pension plans. Beset by people living longer, a lower ratio of contributors to recipients, and returns on investments that have not met expectations, the government's employee pension plans are now bleeding money with a $10.8-billion unfunded liability. In short, there is not enough money in these plans to meet their obligations.



In January, a coalition of union bosses unveiled a report claiming that everything was, in fact, just fine. The $10.8-billion unfunded liability will just go away. No need to fix what isn't broken.



Alberta taxpayers are illserved by this 'head-in-thesand' strategy. Union bosses claim the financial hole in these pension plans will disappear within nine years without any changes at all to contribution rates or payouts.



This is difficult to fathom, with government projections showing the unfunded liabilities continuing to increase in the next two years to $11.3 billion. That's a 4%, $451-million increase in the province's pension shortfall over the next two years. This is following a 39%, $4.2-billion growth in the size of these unfunded liabilities since 2007-08.



How the union bosses figure this is a license to do absolutely nothing, we may never know. The only way the union bosses' claim could come true is if there is an extraordinary planetary alignment of: abovemarket investment performance, pensioners not living as long as predicted, and the number of active government employees increasing by 37.5% over the next 25 years.



Union bosses would have a self-interested reason to push for an ever-expanding bureaucracy in order to ensure that they have enough contributors to their pension plans.



If any of these three fantasies fail to come true, their own projections will leave a multi-billion dollar hole for someone else to fill.

When that happens, Mr. and Mrs. Taxpayer will have to continue to bail them out.



Whichever happens in 10 to 15 years, today's government union bosses will not be the ones to live with the consequences. They will be lauded for preserving the pension plans as they are today, but they won't be there to suffer the consequences. That's why reforms that put these plans on a solid financial footing are in the interests of taxpayers.



Taxpayers are already bailing out some of Alberta's government pension plans.



In 2007, taxpayers were saddled with an additional $3-billion debt, thanks to a bailout of the teachers' pension plan.



And just this past autumn, Horner quietly announced that taxpayer contributions to the pensions of senior bureaucrats would increase from 19% of salary, to 22%. This, when taxpayers were already contributing 63 cents of every dollar in the plan, with senior bureaucrats contributing just 34 cents.



For a bureaucrat making $150,000 a year, this change is costing taxpayers an extra $4,065 annually.



For this one bureaucrat, taxpayers will be contributing a total of $32,755 a year towards their pension. This while the average Canadian only manages to save $3,544 in RRSPs every year.



Most government employees contribute to their pensions on a 50-50 shared basis with taxpayers, but it has not been sufficient to keep the plans from running up a $10.8 billion unfunded liability.



While the pension plan for senior bureaucrats had a hole of $199 million to plug, the province's overall unfunded pension liabilities are a staggering 54 times larger than that.



There just isn't enough money to do nothing as the union bosses would like you to believe.

[Anonymous]

Spot on article here written by Derek Fildebrandt of the Canadian Taxpayers Federation on the unsustainability of snivel serpent defined benefit pensions.

Finance Minister Doug Horner is enjoying a brief moment of fiscal responsibility.



After two years of throwing caution to the wind with the province's finances, the minister is finally making a few decisions with an eye to longterm financial sustainability.



Horner has decided the province can no longer wait to tackle its insufficiently funded employee pension plans. Beset by people living longer, a lower ratio of contributors to recipients, and returns on investments that have not met expectations, the government's employee pension plans are now bleeding money with a $10.8-billion unfunded liability. In short, there is not enough money in these plans to meet their obligations.



In January, a coalition of union bosses unveiled a report claiming that everything was, in fact, just fine. The $10.8-billion unfunded liability will just go away. No need to fix what isn't broken.



Alberta taxpayers are illserved by this 'head-in-thesand' strategy. Union bosses claim the financial hole in these pension plans will disappear within nine years without any changes at all to contribution rates or payouts.



This is difficult to fathom, with government projections showing the unfunded liabilities continuing to increase in the next two years to $11.3 billion. That's a 4%, $451-million increase in the province's pension shortfall over the next two years. This is following a 39%, $4.2-billion growth in the size of these unfunded liabilities since 2007-08.



How the union bosses figure this is a license to do absolutely nothing, we may never know. The only way the union bosses' claim could come true is if there is an extraordinary planetary alignment of: abovemarket investment performance, pensioners not living as long as predicted, and the number of active government employees increasing by 37.5% over the next 25 years.



Union bosses would have a self-interested reason to push for an ever-expanding bureaucracy in order to ensure that they have enough contributors to their pension plans.



If any of these three fantasies fail to come true, their own projections will leave a multi-billion dollar hole for someone else to fill.

When that happens, Mr. and Mrs. Taxpayer will have to continue to bail them out.



Whichever happens in 10 to 15 years, today's government union bosses will not be the ones to live with the consequences. They will be lauded for preserving the pension plans as they are today, but they won't be there to suffer the consequences. That's why reforms that put these plans on a solid financial footing are in the interests of taxpayers.



Taxpayers are already bailing out some of Alberta's government pension plans.



In 2007, taxpayers were saddled with an additional $3-billion debt, thanks to a bailout of the teachers' pension plan.



And just this past autumn, Horner quietly announced that taxpayer contributions to the pensions of senior bureaucrats would increase from 19% of salary, to 22%. This, when taxpayers were already contributing 63 cents of every dollar in the plan, with senior bureaucrats contributing just 34 cents.



For a bureaucrat making $150,000 a year, this change is costing taxpayers an extra $4,065 annually.



For this one bureaucrat, taxpayers will be contributing a total of $32,755 a year towards their pension. This while the average Canadian only manages to save $3,544 in RRSPs every year.



Most government employees contribute to their pensions on a 50-50 shared basis with taxpayers, but it has not been sufficient to keep the plans from running up a $10.8 billion unfunded liability.



While the pension plan for senior bureaucrats had a hole of $199 million to plug, the province's overall unfunded pension liabilities are a staggering 54 times larger than that.



There just isn't enough money to do nothing as the union bosses would like you to believe.

I have been paying into the pension plan since I started with the provincial government..



All of my pension money better be there when I retire.

[RW]

Shen, you need to get your head out of the CTF's ass.  



I explained what under funded liabilities mean.  It means if the government went bankrupt tomorrow, it would be $10 billion short on paying out the pensions of every single contributor.  Is the government going to go pack up shop tomorrow requiring them to pay out?  Of course not.



Again, interest rates will go up and markets will fluctuate and *poof* goes this straw man pension deficit bullshit.



And yes, as the article points out, the personal RRSP as a means of a "pension" later in life has proven to fall short and not offer security down the road.

[Anonymous]

Shen, you need to get your head out of the CTF's ass.  



I explained what under funded liabilities mean.  It means if the government went bankrupt tomorrow, it would be $10 billion short on paying out the pensions of every single contributor.  Is the government going to go pack up shop tomorrow requiring them to pay out?  Of course not.



Again, interest rates will go up and markets will fluctuate and *poof* goes this straw man pension deficit bullshit.



And yes, as the article points out, the personal RRSP as a means of a "pension" later in life has proven to fall short and not offer security down the road.

I wish I didn't have to go to work....this is good.

 :)

[Anonymous]

Shen, you need to get your head out of the CTF's ass.  



I explained what under funded liabilities mean.  It means if the government went bankrupt tomorrow, it would be $10 billion short on paying out the pensions of every single contributor.  Is the government going to go pack up shop tomorrow requiring them to pay out?  Of course not.



Again, interest rates will go up and markets will fluctuate and *poof* goes this straw man pension deficit bullshit.



And yes, as the article points out, the personal RRSP as a means of a "pension" later in life has proven to fall short and not offer security down the road.

No, the link is correct. More money will be needed to keep these pensions as they are. All over North America, urban centres have to deal with the problem of paying pension iou's they cannot afford. It is unfair and unethical for taxpayers to be forced to slash necessary services so that public employees do not have to share a greater burden of their own defined benefit pension that most people in the private sector do not receive.



I cannot stress enough how public sector unions should not be legal. It is not in the public interests.

[RW]

Still not listening...



Today's fund is not the fund of tomorrow.  You want a solution to this pension shortfall shit, tell the Bank if Canada to raise interest rates.  Come back in a year following that and see where these plans sit.

[Obvious Li]

Still not listening...



Today's fund is not the fund of tomorrow.  You want a solution to this pension shortfall shit, tell the Bank if Canada to raise interest rates.  Come back in a year following that and see where these plans sit.

WTF are you smoking......stick to knittin and cleanin....economics doesn't suit you.....rates would have to be 20% plus to solve this mess.............. :ugeek:

[Anonymous]

Still not listening...



Today's fund is not the fund of tomorrow.  You want a solution to this pension shortfall shit, tell the Bank if Canada to raise interest rates.  Come back in a year following that and see where these plans sit.

We all heard you RW, but I'm sorry it's ridiculous. Snivel serpent unions are rich and powerful everyone knows that. They also have more IOU's than they can possibly repay. Ponzi schemes and that's it.