Everybody knows that federal public servants—from senior mandarins to lowly government minions—get better pensions than most private-sector workers. But now the C.D. Howe institute says the $140 billion the government budgeted last year for paying out those pensions in the future isn’t nearly enough. Instead, the private think-tank argues the liability should be $198 billion. It’s an arcane argument over how the cost of financing pensions is calculated. But the debate has real impact on the national debt.
Bureaucrats' pensions more costly than they say
Think-tank says Ottawa on the hook for $58 billion more
FILED UNDER: Canada