Tag Archives: Baby Boomers

Selling State Treasures to Run the State

With their treasuries empty and their finances in the worst condition that any politician alive can remember, European states are selling their state treasures to enable them to run the state. Yet no one really understands the how long and … Continue reading

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Low-income seniors will pay the price for OAS plan

The government has said the OAS change is required because of cost pressures created by the huge baby boom generation, but its implementation rules have exempted most of the boomers from the new OAS rules to avoid immediate political suicide. … Continue reading

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Forgotten Pensions

A radical shift in working patterns has created a world of small pension pots as people flip from one employer to another. And in the whirlwind of mergers and takeovers of pension providers and banks over the past two decades, … Continue reading

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Dutch Minister firm on pensions: pay-outs must be cut if assets fall

Pension funds which do not meet the central bank’s rules on assets must reduce pensions to head off further problems, social affairs minister Henk Kamp told parliament on Tuesday evening. Kamp was speaking during a debate on the pension crisis … Continue reading

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‘Major transformations’ coming to Canada’s pension system says Harper

Harper said the country’s aging population has become a backdrop for his concern about how to keep the country strong over the long term. “If not addressed promptly, this has the capacity to undermine Canada’s economic position and, for that … Continue reading

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Staggering pension shortfalls erode university operating budgets

Facing staggering pension plan shortfalls, some universities in Canada are struggling to continue funding plans and are resorting to desperate measures including dipping into operating budgets and negotiating higher employee contribution rates. Collectively, pension plans at Canadian universities have bled … Continue reading

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PENSIONS IN CRISIS AS FUNDS COLLAPSE

BRITAIN’S private pensions system has suffered a “seismic collapse” to leave millions of savers facing a bleak retirement, new figures show today. A shocking 90 per cent of firms’ final salary retirement schemes have been closed with experts declaring the … Continue reading

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