PSAC is advocating to roll back changes that the government made to its reporting of federal pension costs because they make the cost of the plan volatile.
PSAC National President Chris Aylward has called on Public Sector Pension Investments (PSP) to end its investment in Revera Inc.
In late March, PSAC recommended the government take several measures to address financial and economic uncertainty affecting a number of smaller pension plans in the federal sector.
The latest version (2019) of the PSAC publication, “Retiring from the Public Service of Canada: Some Useful Tips” is now available.
The Liberal government is following the Conservatives’ lead by introducing legislation that will allow employers to reduce pension benefits.
Bill C-27, An Act to amend the Pension Benefits Standards Act, had its first reading in the House of Commons last week.