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Ottawa’s Pension Abyss: The Rapid Hidden Growth of Federal-Employee Retirement Liabilities
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| Citation | William Robson. 2012. "Ottawa’s Pension Abyss: The Rapid Hidden Growth of Federal-Employee Retirement Liabilities." ###. Toronto: C.D. Howe Institute. |
| Page Title: | Ottawa’s Pension Abyss: The Rapid Hidden Growth of Federal-Employee Retirement Liabilities – C.D. Howe Institute |
| Article Title: | Ottawa’s Pension Abyss: The Rapid Hidden Growth of Federal-Employee Retirement Liabilities |
| URL: | https://cdhowe.org/publication/ottawas-pension-abyss-rapid-hidden-growth-federal-employee-retirement-liabilities/ |
| Published Date: | December 18, 2012 |
| Accessed Date: | January 14, 2026 |
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Despite recent high-profile changes to the pension plans of federal public servants, uniformed personnel and MPs, a critical flaw remains: the contributions to these plans, even after the changes, come nowhere close to covering the rocketing cost of their promises. In “Ottawa’s Pension Abyss: The Rapid Hidden Growth of Federal-Employee Retirement Liabilities,” author William B.P. Robson finds the accumulated unfunded liability of these plans, using fair value accounting, stood at $267 billion at the end of March 2012, almost $118 billion worse than shown in the Public Accounts.