I have been complaining bitterly about the disparity between the public and private sectors long before pensions became a 'hot topic'.
Pensions are front and center because we have an aging population. In the next decade the ratio moves from 5:1 to 3:1. Moreover, pensions are relatively new in the scheme of policy, payment and procurement.
Public servant pensions are not sustainable.
I predict that in the next 12 - 15 years there is going to be a class war between the private sector and the public sector based on the simple issue of those who have and those who have not. The fat cats being the bureaucrats! When the Canada Pension Plan was created the average life expectancy was 67 now average life expectancy is 82. How is it sustainable to pay a pension to public servants who retire at 55?
The intention of this blog is to create a forum for discussion between friends, colleagues and anyone interested in sharing their views on a variety of topics. Debate is the essence of conversation and communication.
Friday, January 20, 2012
Wednesday, January 4, 2012
Politics is like fashion
We really do become our parents or at least we paraphrase them, imitate and morph into them at some point in our life. What I find humorous about 'young adults' is their tendency to know everything - I am guilty as charged! The young tend to get caught up in trends, in part, because it defines their generation. Political trends advocated by youth groups could easily be compared to fashion trends: a remix of the old with the new gives us the best of both worlds. It provides us with a sense of unity; it connects us with the past and the present. Essentially, it provides us with common ground. In our rapidly changing world it is refreshing to find a common denominator. Part of aging is realizing that there is so much to be learned from the past.
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