The Retirement Crisis

In a corporate system that rewards profit-making over fairness, protection for corporate pensioners needs to be clear and “bullet-proof” writes Wanda Morris for the Financial Post. Morris, vice president of advocacy for CARP, says that legislation to protect pensioners is needed, and “that why CARP is demanding”...

News that British Airways plans to close its main pension plan isn’t sitting well with unions representing the airline’s workers, and they are demanding urgent talks with the carrier. The airline says the move is driven by a “significant and growing” deficit for the plan that has 17,000 members, writes James Sillars...

A large majority of Kentuckians, 86 per cent, believe that all workers deserve to have a pension plan that delivers retirement security, says The Lane Report. Additional, new polling from the National Institute on Retirement Security (NIRS) shows that 92 per cent of Kentuckians agree that pensions are.effective in...

Unifor members “held a street occupation and rally” at the office of Northstar Aerospace’s owner to “demand” the funding of the company’s pension deficit. They, more than 100 of them according to a Unifor release, rallied in front of the Wynnchurch Capital Canada office in Toronto to “demand the private equity firm...

Living in poverty is a very real prospect for a third of Americans aged 55-65 who have no retirement savings, writes Javier Simon for Plan Sponsor. Citing a study from the Schwartz Center for Economic Policy Analysis, he writes that “income from retirement savings would replace a median 14 per cent of pre-retirement...

A Halifax councillor says he regrets not joining the municipality’s pension plan when he could, and thinks participation for elected officials should be made mandatory, reports The CBC. The councillor, David Hendsbee, plans to request a staff report on pensions, “as it relates to those councillors (past and present)...

Writing for the Frankfort State-Journal, Larry Totten says that proposed changes to Kentucky’s public pension system will have deep consequences for state employees and retirees. “Every current public employee and retiree in every state pension plan would be affected in some way if all of the recommendations made were...