What do you fear about retirement?

Jan 18, 2010

Canadian Federal Pensions Are a Time Bomb

Below is a link to an interesting article about how Canadian Federal Pensions are a time bomb and which relates to what I have been saying all along.

It defies logic that people can retire from the government at 55 and live another 30 or 40 years collecting an inflation-indexed pension of 65 percent or 70 percent of their salary.

I like this statement in the article:

    To cover the real costs of federal pensions, C.D. Howe president Bill Robson, who co-authored the report, said public servants should be contributing 34 per cent of their pay to the plan every year -- and the RCMP and military would have to fork over 41 per cent of pay.

Federal PS pensions a $58B debt time bomb, think tank says

Here are few new retirement resources:

Best Places to Retire Happy on The How to Retire Website

Retirement Cake Sayings and Party Ideas

Health in Retirement

Fun Things to Do in Retirement

No comments: