BC: What should the new government do about pension sustainability?
BC: How do you see a Canadian guaranty fund working ?
So we would want a system, and I’ve already been in discussions with the former government—the finance minister and the labour minister—as to how we would design a fund that would avoid being subject to abuse but that would ensure that workers were guaranteed their post-retirement earnings.
BC: Aren’t healthcare and pension costs a large part of building automobiles?
BC: Other concerns with benefits or healthcare?
BC: So what are you proposing?
BC: Do you think there needs to be a national regulator?
Employers, when there is a minority [government], are generally more open to looking at these things as opposed to waiting for somebody to bring in regulations that someone may not like.
There’s a lot of money, for example, tied up in companies that have huge assets in the country that can’t leave. The railways are a good example— huge capital assets that are there and abatable to ensure that people get their pensions. And you could look at different funding systems for some of the companies that have that situation. There are a number of things that I think should be open for discussion.
Joel Kranc is news editor of BENEFITS CANADA. Joel.email@example.com.