Hamilton, Malcolm P. - In: C.D. Howe Institute Commentary (2014) 403
Public-sector pension plans in Canada are generally large, efficient and well managed. Funding levels are healthy when … compared to private-sector pension plans in Canada and public-sector pension plans elsewhere. .And yet, all is not well. There … guarantees. Specifically, the financial markets attach high values to the guarantees embedded in public-sector pension plans …