1. Advocis Ottawa
Variety Day *

2. Senate House of Commons City TV Documentary Major Canadian newspapers
MP's, MPP's, City Councils
CBC, CTV *

3. Current update on the pension crisis*

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8. California deficit has soared to $16 billion
- Governor Jerry Brown *

9. Duncan fighting five-front battle in bid to slay Ontario deficit
$15 Billion *

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11. Pensions a problem in Ontario?
Pension debt overwhelms bankrupt
San Bernardino
Gold-plated pensions under fire
Guelph Mercury *

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13. Canada’s Debt: $1.4 Trillion
$40,000 per person for the debt
$9,000 per person for public sector pension shortfall
$ Billion
Federal Debt $
Provinces $
Pension Debt $
Ontario $ *

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17. How do Debt Bubbles End? Default on Debt Inflation
Currency Devaluation
John Mauldin – The End Game
Taxation *

18. Federal Reserve Bank of San Francisco
DEMOGRAPHICS
Real stock prices follow a downward trend until 2021, cumulatively declining about 13% relative to The subsequent recovery is quite slow. Indeed, real stock prices are not expected to return to their 2010 level until 2027
Federal Reserve Bank of San Francisco *

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22. Three Bubbles The Tech Bubble The Housing Bubble The Debt Bubble
Central banks buying stocks? *

23. RCMP Pensions Assets *

24. Global Debt Problem $ 45,670,256,678,345 World’s Public Debt - 2005
Where would you invest?
$ 45,670,256,678,345 World’s Public Debt
-Economist Magazine *

25. POLICE PENSIONS
The City contribution to the police pension plan... $26 million in 2013, for a total of $130 million over the next five years.... Equal to a 5.65% property tax increase each year for the next 5 years, equating to a 28% accumulated property tax increase.
City of Winnipeg February 19, 2013
Montreal paid $130 million to cover its pension payments. By 2012 the number had more than quadrupled to $609 million D’Amours pension report - Quebec *

26. A SUSTAINABLE PENSION SYSTEM THAT IS FAIR TO ALL CANADIANS
Mission Statement:
A SUSTAINABLE PENSION SYSTEM THAT IS FAIR TO ALL CANADIANS
OAS – CPP - Public Sector
RRSP - PRPP *

27. Disclaimer We Love Public Sector Employees Teachers
Police, Firefighters
Military
Public Works
Librarians, etc.
We just can’t afford to pay them what they have negotiated *

28. Why are pensions a problem?
The unfunded shortfall for public pension plans
across the country likely exceeds $300 billion.
Every man, woman and child in Canada on the
hook for more than $9,000 to pay for the unfunded
liabilities of public sector employee pension plans.
CFIB Report – May 2012 *

29. Where is your tax money going?
California’s New Taxes Are Paying for Pensions
California State Teachers’ Retirement System requires an extra $4.5 billion a year for 30 years -- $135 billion
Mar 27, Bloomberg News
As B.C. bids farewell to HST, P.E.I. says hello
P.E.I. officially brings in the 14 per cent tax... biggest tax increase in history, expected to raise $25 Million a year. *

30. Defined Benefit Pensions
Ontario private sector workers with
ongoing DB coverage has dwindled to 8.9%,
fewer than 1 in 11!
Fred Vettese - Benefits Canada *

31. “There is no defined benefits plan ever conceived that you would draw from much longer than you paid in. It mathematically doesn’t work.”
“As the signs came in that the assumptions were wrong, the changes weren’t made”
OTPP CEO Jim Leech, April, 2012 *

32. “Changes Weren’t Made... *

33. Life Expectancy Canada at Birth 81.1 Male 78.8 Female 83.3
Canada at Age
Male
Female
1979 – 74.9 *

34. What is a fair pension? Is it the replacement of current income?
Is it a secure income that will allow you to live in dignity?
Is it 70% or is it 45%?
CPP replaces 25% *

35. Municipalities on the hook for shortfalls
2008 deficit $ 279 million
2012 deficit $ 10 billion
Contribution rates:
5.5% (1966) 15.9% (2012) *

36. OMERS SHORTFALLS *

37. OMERS 2006 - Report to members Lifetime income $960,000
$75,000 Survivor Pension
$450,000 Lifetime Pension aged 65-84
$155,000 Lifetime Bridge Benefit
Total Contribution $50,000
$280,000 Inflation 2.5% *

38. Crown Corporations CHMC solvency bailout of $126.6 million
Feds give $99 M bailout of the Via Rail
CHMC solvency bailout of $126.6 million
Canada Post $4.2 B to $7.0 B in 2012
Bank of Canada special payments $54M in last two years for 2,700 plan members (tax free) *

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40. RRSP's VS. PS pensions Public Sector Plans $ 840 Billion
2011 contributions $ Billion
RRSP's $ Billion
2011 contributions $ Billion
Public sector as % of workforce 16% *

41. Solutions ??? *