May 31, 2018
Taxpayers are on the hook for the unfunded liability of pension plans for federal employees, according to a new report published by the C.D Howe Institute. In “Retiring Employees, Unretired Debt: The Surprising Hidden Cost of Federal Employee Pensions” authors William B.P. Robson and Alexandre Laurin argue that official figures for federal pension obligations understate future costs and leave many plans seriously underfunded.