Without pension debts, states could raise salaries enough that teachers wouldn't need to spend their free hours waitressing or driving for Uber.
Not exact matches
The average Canadian senior's shaky financial status is another key factor: many have high levels of
debt without the savings or
pensions they need to maintain adequate lifestyles.
Overall
debt has now passed # 1 trillion —
without counting the liabilities associated with public sector
pensions or the Private Finance Initiative.
However, there are greater drivers of burgeoning state
pension debts, such as the state legislature's long history of underinvesting in the
pension fund as well as increasing benefits during bull markets
without ensuring long - term solvency.
Tackling that and
pension debt won't happen
without union buy - in, so contract negotiations will be key to getting the finances in order.
They could enroll new teachers in a new retirement system
without incurring much in the way of additional costs, stop adding to their already large
pension debts, and better serve the majority of teachers.
In these hard economic times, too many Metro Vancouver, Fraser Valley, Lower Mainland people, and British Columbians who lived free of financial crisis until now, find themselves facing the shame of
debt they can not repay after taking out too much easy credit just to live, pay for necessities such as housing, food, medicine, etc., a reflection of our ever growing senior and minimum wage population funded with insufficient
pensions and facing rising living costs
without corresponding increase in earnings.