There is no limit to how selectively provincial Conservatives will read a document in order to find some microscopic filament that might possibly confirm that they have really been running the most magnificent administration in the history of the galaxy. They still insist, for example, that they are the tops
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The Sir Robert Bond Papers: Budget basics: Dealing with the Debt #nlpoli
Public sector pensions in Newfoundland and Labrador are underfunded. There’s not enough money in the fund account to cover all the likely money they’d have to pay out to people when they retire. But make no mistake, the province’s public sector pensioners are not in any real danger of losing
Continue readingThe Sir Robert Bond Papers: Budget Basics: Unfunded Pension and Benefits Liabilities #nlpoli
While the provincial budget for 2014 was all about spending government money, the budget speech did raise one issue that the provincial government appears intent on cutting dramatically. A key component of the province’s net debt relates to unfunded pension and other post-retirement liabilities. Despite an investment of more than
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