Workers and employer contribute to the pension fund, why does only the boss get a break?

Research performed by the Public Service Alliance of Canada has revealed that the government’s actuaries anticipate a large surplus in the Public Service Pension Plan, a fund contributed to by both the federal government and public service workers. The research also shows the government plans to suspend employer contributions and remove $7.4 billion from the Public Service Pension Plan.

Earlier this week, the Chief Actuary of Canada’s reports on the Public Service Pension Plan were tabled in Parliament as justification for moving $1.9 billion of non-permitted surplus to the government’s bank accounts. The government commissioned and tabled an unusual additional report that shows the intention to use this anticipated surplus to benefit only government coffers. Yet, when questioned on Monday, Treasury Board omitted any reference to a contribution holiday or additional surplus.