39 results found for "guaranteed annual income"
Media Release
March 19, 2014 – While public debate has mainly focused on the “gold-plated” defined benefits of many public-service pension plans, the real problem lies in a flawed approach to managing compensation costs, according to respected pension expert Malcolm Hamilton. In, “Evaluating Public-Sector Pensions: How Much Do They Really Cost?” Hamilton says the problem is government sponsors who…
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A charitable gift annuity provides an immediate gift to C.D. Howe Institute while providing a secured income stream for the donor during their lifetime. Depending on the donor’s age, this income can be tax-free. A portion of the total contribution is used to purchase the annuity from a licensed insurance company and the balance is retained as a donation for which a tax receipt is…
Media Release
April 2, 2014 – Federal public servants have pension guarantees in their defined-benefit pension plans that are mispriced, causing Ottawa to seriously underestimate the cost of the pension plans and the total compensation of its employees, according to a report released today by the C.D. Howe Institute. In “Evaluating Public-Sector Pensions: Are Federal Public Servants Overpaid?” respected…
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A charitable gift annuity provides an immediate gift to C.D. Howe Institute while providing a secured income stream for the donor during their lifetime. Depending on the donor’s age, this income can be tax-free. A portion of the total contribution is used to purchase the annuity from a licensed insurance company and the balance is retained as a donation for which a tax receipt is…
Media Release
January 24, 2017 – Providing a comprehensive, one-size-fits-all guaranteed annual income (GAI) is not the best solution to fighting poverty in Canada, according to a new report from the C.D. Howe Institute. In “Toward a New Balance in Social Policy: The Future Role of Guaranteed Annual Income within the Safety Net,” author Peter Hicks urges policymakers to address poverty by using a “bottom-up”…
Media Release
May 31, 2012 — Reforms underway to the Canada Pension Plan (CPP), which impose higher penalties for opting to receive CPP before age 65 and greater rewards for delaying take-up until after 65, were meant to ensure people do not have a strong financial incentive to retire early and take-up CPP at age 60, according to a report from the C.D. Howe Institute. In “Comparing Nest Eggs: How CPP…
