Final word on DB pensions....

[Anonymous]

^Funny how Romero is agreeing with OL. OL says the feds role is that of trustees of the program and Romero posts a link from CTF saying the governments admin costs are too high. OL says the government steals the surplus cash they collect from employees and employers to pay for real taxpayer funded departments and Romero's link shows EI to be one of the biggest sources of revenue for gov't.



OL, Romero and I all agree then that what the government does with the money collected from employees and employers is in fact. A good reason to replace government as administrators of the program.

[Anonymous]

Well, poverty is certainly a bad thing if you're poor.



The rich, who get rich on the backs of the poor, would beg to differ.



On second thought, scratch that. The rich don't beg. They just take.



*smokebomb*

But why should we all get a little poorer so our elected representatives can receive something we won't? It's also placing future generation in debt. It doesn't seem moral to me. I wish we had better smilies to show my outrage.

[Obvious Li]

^Funny how Romero is agreeing with OL. OL says the feds role is that of trustees of the program and Romero posts a link from CTF saying the governments admin costs are too high. OL says the government steals the surplus cash they collect from employees and employers to pay for real taxpayer funded departments and Romero's link shows EI to be one of the biggest sources of revenue for gov't.



OL, Romero and I all agree then that what the government does with the money collected from employees and employers is in fact. A good reason to replace government as administrators of the program.

you and i are always correct princess..here is a little more evidence for the unbelievers....





Finance Minister Joe Oliver denied this week that his government is using E.I. premiums as a "slush fund," but the actuarial report released Friday is fuelling criticism that the Conservatives are tapping into E.I. funds meant for the unemployed in order to pay for other priorities.

[Obvious Li]

and of course you will note the use of the term.....EMPLOYMENT INSURANCE PREMIUMS

[Anonymous]

you and i are always correct princess..here is a little more evidence for the unbelievers....





Finance Minister Joe Oliver denied this week that his government is using E.I. premiums as a "slush fund," but the actuarial report released Friday is fuelling criticism that the Conservatives are tapping into E.I. funds meant for the unemployed in order to pay for other priorities.

Yes, they are indeed premiums, NOT tax revenue.



The feds using the surplus to pay down the deficit and increase spending before an election is no surprise. It blows my mind how the Harper Tories are so much like their predecessors Chretien/Martin. I mean there are diffs of course. With the exception of Martin's two years as PM, they always had comfortable majorities unlike the Harper Tories that were more often in a minority gov't position. The other thing and it is huge is that the Grits never had to govern during the global recession. We should be thankful that Jim Flaherty was such a steady hand at the wheel. Canada had the best government of all G7 nations through that very difficult period.



You are missed Jim Flaherty.

[Anonymous]

and of course you will note the use of the term.....EMPLOYMENT INSURANCE PREMIUMS

I usually don't look at that portion of my e-pay stub..



Every other pay period is union dues though.

[Romero]

Ottawa will get $3.5-billion too much from EI premiums in 2015, report says

Look at you trying to convince us it's okay for workers and government to pay you for not working just because there's a surplus.



Well, guess what? The federal public service pension plan you're railing against has a surplus too! $28 billion total as of 2012!



Are you planning on going on EI in the future? Let's call it an "unfunded liability".

[Obvious Li]

Ottawa will get $3.5-billion too much from EI premiums in 2015, report says

Look at you trying to convince us it's okay for workers and government to pay you for not working just because there's a surplus.



Well, guess what? The federal public service pension plan you're railing against has a surplus too! $28 billion total as of 2012!



Are you planning on going on EI in the future? Let's call it an "unfunded liability".

apparently you are still confused Homy.....the public service pension plan is funded by TAX dollars and EI is funded by INSURANCE PREMIUMS....notice i have put the two different items in bold with caps for your convenience......you are also more than a little confused if you believe the federal public service pension plan has a surplus.....it currently sits at a $450 billion liability status....open a book homy, use google or read a newspaper..it is all there for the inquiring mind to find.....good luck with your search...... :ugeek:

[Obvious Li]

Ottawa will get $3.5-billion too much from EI premiums in 2015, report says

Look at you trying to convince us it's okay for workers and government to pay you for not working just because there's a surplus.



Well, guess what? The federal public service pension plan you're railing against has a surplus too! $28 billion total as of 2012!



Are you planning on going on EI in the future? Let's call it an "unfunded liability".

oh yes...as soon as the greedy corporation we work for gives us our ROE (right after thanksgiving weekend) the dragon and i will be applying for EI and packing for the casino circuit.....once the first cheque hits our account we will head for Saskatoon then Calgary then Edmonton then Vancouver then on to Vegas......back home in march.....just living the dream baby

[Anonymous]

apparently you are still confused Homy.....the public service pension plan is funded by TAX dollars and EI is funded by INSURANCE PREMIUMS....notice i have put the two different items in bold with caps for your convenience......you are also more than a little confused if you believe the federal public service pension plan has a surplus.....it currently sits at a $450 billion liability status....open a book homy, use google or read a newspaper..it is all there for the inquiring mind to find.....good luck with your search...... :ugeek:

I think we all(including Romero) get this difference in funding between public service pensions and EI.



However, there is a great deal of variance on the actual numbers of Canada's unfunded pension liabilities. The Auditor General says it is $152 billion, the Canadian Federation of Independent Business puts the figure around $300 billion or about $9000 or about for every man, woman and child in Canada. What is not in dispute is that years of low interest rates and people living longer are creating havoc for the future of public service DB pensions.