Pensions: A tale of two (and a half) commissions – and four provinces (by Louis Erlichman)
For several years before the most recent stock market meltdown, there was already a lot of talk about a pension crisis in Canada. The 2000/01 collapse of the tech market bubble and declining interest rates meant that sponsors of defined benefit pension plans could no longer take the contribution holidays they had gotten used to, and had to make significant pension contributions. Even though pension surpluses were no longer common,