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Ottawa’s Pension Gap: The Growing and Under-reported Cost of Federal Employee Pensions
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Page Title: | Ottawa’s Pension Gap: The Growing and Under-reported Cost of Federal Employee Pensions – C.D. Howe Institute |
Article Title: | Ottawa’s Pension Gap: The Growing and Under-reported Cost of Federal Employee Pensions |
URL: | https://cdhowe.org/publication/ottawas-pension-gap-growing-and-under-reported-cost-federal-employee-pensions/ |
Published Date: | December 13, 2011 |
Accessed Date: | February 17, 2025 |
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The federal government’s unfunded liabilities for its employee pension plans total $227 billion, far more than reported, according to a report released today by the C.D. Howe Institute. In “Ottawa’s Pension Gap: The Growing and Under-reported Cost of Federal Employee Pensions,” authors Alexandre Laurin and William Robson find that, using fair-value accounting like private-sector plans which value assets and liabilities using current market prices and interest rates, Ottawa’s unfunded employee pension obligations are $80 billion more than reported in the Public Accounts.
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