IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this paper or follow this series

The Public-Sector Pension Bubble: Time to Confront the Unmeasured Cost of Ottawa's Pensions

  • Alexandre Laurin

    (C.D. Howe Institute)

  • William Robson

    (C.D. Howe Institute)

Fair-value accounting reveals Ottawa’s employee pension obligations to be larger and more volatile than official figures, a problem shared by European and US state governments. This exposes taxpayers to an unmeasured $65 billion funding shortfall. To keep pace with benefit accruals and stop the gap from growing, contributions in the latest fiscal year would have had to be almost double what was actually paid in. Taxpayers risk finding that the responsibility to back-fill the funding hole falls to them – and potentially finding that fears of sovereign defaults by governments with opaque balance sheets and big exposure to public employee pensions will drive up the cost of borrowing.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://www.cdhowe.org/pdf/ebrief_108.pdf
Our checks indicate that this address may not be valid because: 404 Not Found (http://www.cdhowe.org/pdf/ebrief_108.pdf [302 Found]--> https://www.cdhowe.org/pdf/ebrief_108.pdf). If this is indeed the case, please notify (Kristine Gray)


Download Restriction: no

Paper provided by C.D. Howe Institute in its series e-briefs with number 108.

as
in new window

Length: 6 pages
Date of creation: Nov 2010
Date of revision:
Publication status: Published on the C.D. Howe Institute website, November 2010
Handle: RePEc:cdh:ebrief:108
Contact details of provider: Postal: 67 Yonge St., Suite 300, Toronto, Ontario M5E 1J8
Phone: (416) 865-1904
Fax: (416) 865-1866
Web page: http://www.cdhowe.org
Email:


More information through EDIRC

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:cdh:ebrief:108. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Kristine Gray)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.