Sentences with phrase «public sector pensions because»

Not exact matches

Canadians have gotten used to the idea that they can usually afford to retire in their early 60s (except for civil servants, who can usually retire earlier because of generous public - sector pensions).

In short, because they pool longevity risk, can offer a well - diversified portfolio with longer - term investments, and are professionally managed, public pension funds deliver the same level of benefits as DC plans at only 46 percent of the cost.15 Any funds invested with the state pension fund would be kept in a separate investment pool from public sector funds.

«It will help us because the people against the convention are generally our people — the public sector unions like teachers, government workers and police» concerned the recent «radical wave could sweep a convention» and diminish or erase pension and health benefits, Schaffer said.

On Wednesday, the unions will attempt to bring the country to its knees because of the Coalition's plan to reform the public sector's unsustainable pension system.

But it is a strange idea of fairness to argue that because private sector staff have seen big cuts in their pensions, then so must the public sector.

But today Mr Johnson said he would honour the public sector pensions deal because it was «very good, very fair, very reasonable and very sane», noting that all new workers would be required to work until they were 65.

David Cameron told the Commons: «What we are proposing is fair: it is fair to taxpayers but it is also fair to the public sector because we want to continue strong public sector pensions.»

On a side note, the proposals would also apply to lawmakers because they are in the state public sector pension system.

Most public school teachers participate in defined benefit (DB) pension plans, which because of different accounting rules contribute significantly less today for each dollar of future retirement benefits than private - sector DB pensions or defined contribution (DC) pension plans.

These teachers lose out because current public - sector defined benefit pension systems are heavily biased toward teachers with longevity and stability.

He believes that nationalizing all private pensions would be a first step, because they are almost always underfunded, unlike public sector.