"I have heard(not sure if its true)that the saskatchewan
teachers pension plan is rock solid,i wonder what
would happen if it was pooled with say an ontario or
quebec one that was having major short falls,would
anybody care?"
FYI the Sask Teachers Pension fund is actuarily unsound. Its in the order of 15% /- that is witheld and supervised by Sask Superintendency of Pensions; until 2013; when it will be reviewed. Until it becomes sound; annuity pensions are being capped at much less than 100% allowable withdrawals. So much for rock solid.
Over the course of the last 30 years (with the exception of the last few years
they have done very well. It has been suggested that the pension funds are invested in the very same stock markets as any other investor has available.
They just managed money better or worse than any other investor.
teachers pension plan is rock solid,i wonder what
would happen if it was pooled with say an ontario or
quebec one that was having major short falls,would
anybody care?"
FYI the Sask Teachers Pension fund is actuarily unsound. Its in the order of 15% /- that is witheld and supervised by Sask Superintendency of Pensions; until 2013; when it will be reviewed. Until it becomes sound; annuity pensions are being capped at much less than 100% allowable withdrawals. So much for rock solid.
Over the course of the last 30 years (with the exception of the last few years

They just managed money better or worse than any other investor.
Comment