A Pension Plan for ALL Canadians

The following letter was published in The Toronto Star on Tuesday, November 22, 2011:

I really appreciated Thomas Walkom’s thoughts on how the “reforms” announced by the federal government will adversely affect the pensions of younger Canadians. When we already have a low-cost, low-risk, universal pension plan for Canadians, one wonders why we need “pooled” pension plans.

We already have plenty of evidence to show that the “pool” only gets deeper for the one per cent, and the financial institutions that they own or control.

I also appreciated him calling defined contribution plans “bogus.” The truth must be stated, and he did that clearly.

Please keep this issue “alive.”

Allan Baker, Scarborough

Posted November 26, 2011 by allanbaker in Economics

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