2011 – Alexandre Laurin and William B.P. Robson
The federal government’s unfunded liabilities for its employee pension plans total $227 billion, far more than reported, according to a report released today by the C.D. Howe Institute. In “Ottawa’s Pension Gap: The Growing and Under-reported Cost of Federal Employee Pensions,” authors Alexandre Laurin and William Robson find that, using fair-value accounting like private-sector plans which value assets and liabilities using current market prices and interest rates, Ottawa’s unfunded employee pension obligations are $80 billion more than reported in the Public Accounts.
For the report go to: http://www.cdhowe.org/pdf/ebrief_127.pdf
