government defined benefit pensions

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The dirty secret behind Canada's supposedly 'successful' public-sector pensions

The fault lies with public-sector employers, usually governments, who fail to represent the public interest.

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With declining energy prices and a vulnerable economy, the provincial and various municipal governments in British Columbia are facing important fiscal challenges. This warrants a sober review of government spending.

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Murray Smith, a former Alberta cabinet minister in the Ralph Klein government, the one that privatized government liquor stores and licence registries in 1993, once told me about a side benefit of such divestments (and I paraphrase): fewer distractions, which led to more focused government.