Ottawa’s unfunded liabilities for employee pension plans rose to $272 billion in 2013, far larger than reported, according to a new C.D. Howe Institute study. In “Ottawa’s Hidden Deficit: The…
Federal public servants have pension guarantees in their defined-benefit pension plans that are mispriced, causing Ottawa to seriously underestimate the cost of the pension plans and the total…
Canada’s senior governments have regularly missed budget spending and revenue targets during the last decade, with spending overruns of $47 billion combined, according to a report released today…
While public debate has mainly focused on the “gold-plated” defined benefits of many public-service pension plans, the real problem lies in a flawed approach to managing compensation costs,…
Opaque budgeting methods and financial reports in Canada’s major cities baffle councilors and taxpayers, according to a report released today by the C.D. Howe Institute. In “Baffling Budgets: The…
Canada’s senior governments have regularly missed budget spending and revenue targets during the last decade, according to a report by the C.D. Howe Institute. In "Canada’s 2012 Fiscal…
