retirement benefits

Printer-friendly version
A worker who retired (at age 65) in 1970 enjoyed a 39.1 per cent rate of return compared to the 2.1 per cent those born after 1971 will receive.

Printer-friendly version

In Alberta, almost twice as many workers in the government sector possessed defined benefit pension plans in 2011 when compared with private sector employees. That might explain why so many government employees’ unions, from the Alberta Union of Public Employees to the United Nurses of Alberta, vociferously oppose modest pension reforms proposed by Finance Minister Doug Horner.