Bill Morneau fangula

Agreed. He also attended Bilderberg this year and was named as having an offshore Bank account(s) in the Panama Papers expose'. He's a criminal and so is his Boss with that Trudeau Trust B.S !!!

Insidious Von said:

Doesn't Bill Morneau know who George Osborne is?

When you cater to the 1%, it comes back to haunt you. His skewed tax plan sparked demonstrations forcing Justin to backpedal with Morneau sheepishly in the background. Now Bill - C27 is being investigated for conflict of interest. Morneau is a partner in Morneau-Schappelle a pension company that owns Great West Life. He has not disclosed how many shares he still has in the company. As outlined Bill - C27 would benefit the insurance companies at the expense of future pensioners. Bill Morneau is the most incompetent Finance Minister since....hard to say?

http://www.ccu-csc.ca/ccu-stands-pensions-calls-withdrawal-bill-c-27/

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The company is actually Morneau Sheppell and currently seems to like to call itself just Sheppell. Dr. Warren Sheppell is/was (now retired) a psychologist who was very successful selling mental health and wellness add-ons for company and union health plans. There's a page for one of his plans on the GWL site, but that's all I saw.

The Liberals' tax-fairness reform has all the signs of being as ineptly conceived, drafted and managed as their botched promise that we'd never again have a FPTP election and wake up to a minority party having the Commons majority to do whatever they think is right.

How could it be worse if they'd had to listen to the Conservatives or the NDP before they trotted this horse out?

Insidious Von said:

What ever Dr. Sheppell was, Bill Morneau is a predator. Bill C-27 could eliminate defined pension benefits as we know them and create a massive revenue shift away from the working class. Bill Morneau has taken the sheen off the current Liberal government, he's becoming Justin's neutron bomb. And he wasn't at question period.

http://www.moneysense.ca/save/retirement/pensions/defined-benefit-pension-plans-due-change/

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You mean it could eliminate defined benefits for government employees and employees of crown corporations.
considering defined benefit plans in the private sector are being phased out this is only appropriate.

We cant have the public assuming pension risks and assuming all the risks for government employees

Insidious Von said:

You proved my point JL, grazie.

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????? What color is the sky in your world???

It's not a question of assuming risk, that will always be there.

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Of coarse it a matter of assuming risk
Taxpayers assume the risk of shortfalls with a defined benefit plan for gov't employees as these shortfalls will come from higher taxation or borrowing in the taxpayers name
Since the majority of taxpayers are in the private sector they assume the risk for the govt employees
they are already assuming shortfall risk on their own defined contribution plan
Sorry the taxpayer should not have to assume double the risk while government employees assume zero risk

What happens to public pensions filters down to the private sector.

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That is a lame argument
We should happily assume the risk for gov't employees as they will spend the money????
That money is better served in the taxpayers pocket thank you

It's not appropriate that large corporations are entitled to register substantial profits without the benefits going to their employees.

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????
Companies are formed for the benefit of their owners, not for the benefit of employees
Owners include investors, mutual funds and pension plans

Well run companies will ensure they are competitive wrt compensation, but they do not owe a standard of living

If defined pensions are eliminated altogether those born after 1967 will be up against it.

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defined pensions have proven to be extremely expensive and will go the way of the buggy whip
The millstone around GMs neck in 2008 was the pension costs
General Electric is currently hamstrung with pension obligations

It will come down to "pay more get less". Take the example of the NYCPD/FD, they went beyond heroic during 9/11 and they ended up losing defined benefits three years later. They were left vulnerable during the Financial Meltdown with their pension fund losing 45% of it's value.

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And you expect the taxpayer to cover that loss?????
who is going to cover for the taxpayer if their pension does not meet expectations?

If defined contributions are to be eliminated then governments need to make Finance compulsory as a high school curriculum.

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It should be compulsory, regardless of what happens to defined contribution
understanding how to manage money should be taught starting before high school
It would help to avoid misconceptions like yours

That's not happening.

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I guess the funds to make such lessons happen are currently being used to make up for govt pension shortfalls

And the market isn't always right.

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Its right more often than wrong

Insidious Von said:

Doesn't Bill Morneau know who George Osborne is?

When you cater to the 1%, it comes back to haunt you. His skewed tax plan sparked demonstrations forcing Justin to backpedal with Morneau sheepishly in the background. Now Bill - C27 is being investigated for conflict of interest. Morneau is a partner in Morneau-Schappelle a pension company that owns Great West Life. He has not disclosed how many shares he still has in the company. As outlined Bill - C27 would benefit the insurance companies at the expense of future pensioners. Bill Morneau is the most incompetent Finance Minister since....hard to say?

http://www.ccu-csc.ca/ccu-stands-pensions-calls-withdrawal-bill-c-27/

Click to expand...

"Pink" Floyd Laughren