The government is on the hook to make up shortfalls, so I have no issue with them reaping the benefits of good management. I'm the employee rep on our DB plan (Crown Corp, so managed pretty much the same as PS and CAF), and I can attest that the calculations used to declare a surplus are extremely conservative, and include huge amounts of contingency. Our plan, for example, recently achieved 103%, but the reality is it's more like 112%, because calculations on rates of return and so called black swan events are ridiculously conservative. The economy of the world would have to collapse completely before those pension funds slipped to a point where they could no longer cover obligations, and, as I said above, the government would still need to cover those obligations. So, I have no issues with the government using surpluses (though I would like to see them applied to deficits, not frivolous sh*t), and don't feel as if I deserve to have access to that money. I know what I signed up for, and as long as I get what I am owed, I'm happy. The idea that surpluses somehow belong to the employees is laughable union nonsense.
Trump administration 2024-2028
- Thread starter dimsum
- Start date
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Newsweek says you can tune in to see what POTUS47 is going to tell the WEF starting at 1100 Eastern/0800 Pacific/noon Atlantic/1230 NL at the WEF's YT channel
Cool stuff.
Not just Drill Baby Drill but Burn Baby Burn.
Doubling the annual energy output of the US to supply the AI economy. That means burning anything the US has available. Including coal....
Also calling for driving down the price of oil, ostensibly to shut down the Ukraine war by stifling the Russian economy.
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There goes the neighbourhood.
...
Energy is not so much a valuable commodity as a feedstock. The cheapest energy wins the manufacturing race.
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Question for Ontario
7 cents per kWh equates to $20 per GJ
As noted elsewhere
Natural Gas and Coal are available in Alberta for $2 per GJ, call it $6-8 per GJ for electricity with 2 to 3 free GJ of heat. And the Carbon is still recoverable for further processing.
CountDC
Army.ca Veteran
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The only issue was that after this they said we had to start paying more into it. Can't recall now if there was anything substantial to it but do remember people took it that the money was there, they took it away, the fund is now short so we have to pay more in to sustain it. People certainly were not happy.
Rub it in
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For the record, and for any nit-pickers out there, POTUS47's info-machine's text (including Q&A material) ...Newsweek says you can tune in to see what POTUS47 is going to tell the WEF starting at 1100 Eastern/0800 Pacific/noon Atlantic/1230 NL at the WEF's YT channel
REMARKS BY PRESIDENT TRUMP AT THE WORLD ECONOMIC FORUM – The White House
REMARKS BY PRESIDENT TRUMP AT THE WORLD ECONOMIC FORUM Via Teleconference 11:06 A.M. EST THE PRESIDENT: Well, thank you very much, Klaus. And hello
www.whitehouse.gov
lenaitch
Army.ca Veteran
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No, he's putting an interpretation on what it says. Unless there is a precedent ruling that says that illegal immigrants are not subject to the jurisdiction of the US (and there might be, IDK), I don't think it is true what the EO claims. Off the top of my head, the only people "not subject to the jurisdiction of the United States" are foreign diplomatic personnel and foreign military plus their families. There may be other groups. If a person in the US illegally commits a crime, do you not think they are subject to US law?
In a sense, you may be right that, if his position is ultimately endorsed by SCOTUS, then he doesn't need an amendment.
It seems a federal court judge has already blocked it temporarily, and 22 states have started actions against it. Not that he will care. His base will be happy and the deep state stands in his way.
Judge temporarily blocks Trump's executive order on birthright citizenship, calling it 'blatantly unconstitutional'
A federal judge in Seattle has signed a temporary restraining order blocking President Donald Trump’s executive order on birthright citizenship.
abcnews.go.com
Twenty-two States Sue to Stop Trump’s Birthright Citizenship Order
The lawsuit to block the president’s executive order is the first salvo in what is likely to be a long-running legal fight over immigration policy.
Brad Sallows
Army.ca Legend
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The dispute is going to turn on the meaning of "subject to the jurisdiction". Pretty much everyone understands that they are subject to the laws of countries while they are visiting, but do not expect the right to vote or claim citizenship. If the liberal interpretation has to amount to permitting birth tourism, it will probably not prevail.
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The majority of the actuarial surplus withdrawn from the accounts has been restored over time. The last three OSFI reports for the PSSA saw over $17B returned. I have not dug deeper that that.
CFSA part I rates are fixed to those of the PSSA group one. This means that while the PS pay half of the cost of their future benefits, CAF members pay about 40%.
Much of the whinging about pension plans and surpluses is made by individuals who are not familiar with the law.
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The Act includes a definition of what a non-permitted surplus is. TB doesn't get to make up their own mind.
Non-permitted surplus
(5) For the purposes of this section, a non-permitted surplus exists when the amount by which assets exceed liabilities in the Canadian Forces Pension Fund, as determined by the actuarial valuation report referred to in section 56 or one requested by the President of the Treasury Board, is greater than 25 per cent of the amount of liabilities in respect of contributors, as determined in that report.