The Ontario Teachers’ Federation (OTF) and the Ontario government are using a preliminary $5.1 billion funding surplus in the Ontario Teachers’ Pension Plan to partially restore cost-of-living increases affecting the portion of retirees’ pensions earned after 2009.
In other news...
CME Group fines Ontario Teachers' Pension Plan for hog trades
Ahhhh yes. Another parking place for the "stimulus funds" of "quatitative easing" (albeit duly laundered through the stock & commodities markets, etc). Hooray for the public sector once again. The private sector will pay twice - directly through taxation and a second time through debasement of the dollar.
ReplyDeletedon't know what bothers me more a hydro guy bellyaching or a teacher whining
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