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CUPE’s national pension trustee training began with a panel on the state of public and workplace pensions. CUPE economist Toby Sanger kicked off the discussion with a overview of how the economic crisis and its fallout will affect pensions.
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CUPE Pension Trustee Training
24 January 2010, Ottawa
Economic Context
Toby Sanger, CUPE National
1%
2%
3%
4%
5%
Public sector job growth
strong in past decade
-3%
-2%
-1%
0%
19
77
19
79
19
81
19
83
19
85
19
87
19
89
19
91
19
93
19
95
19
97
19
99
20
01
20
03
20
05
20
07
20
09
Public employees - annual increase Average 1976-89
Average 1989-99 Average 1999-09
2.5%
3.0%
3.5%
4.0%
4.5%
5.0%
Earnings growth –
likely to be lower in public sector
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
19
92
19
93
19
94
19
95
19
96
19
97
19
98
19
99
20
00
20
01
20
02
20
03
20
04
20
05
20
06
20
07
20
08
20
09
Earnings growth - Average Weekly Earnings
6%
8%
10%
12%
14%
Inflation low but moving up
0%
2%
4%
6%
1980 1985 1990 1995 2000 2005 2010
CPI Inflation CPI Forecast TD Bank
3%
4%
5%
6%
7%
Interest rates:
almost nowhere to go but up
0%
1%
2%
20
00
/01
20
00
/07
20
01
/01
20
01
/07
20
02
/01
20
02
/07
20
03
/01
20
03
/07
20
04
/01
20
04
/07
20
05
/01
20
05
/07
20
06
/01
20
06
/07
20
07
/01
20
07
/07
20
08
/01
20
08
/07
20
09
/01
20
09
/07
20
10
/01
20
10
/07
20
11
/01
20
11
/07
T-Bills 10yr Bonds T-Bill forecast Bond forecast
8,000
10,000
12,000
14,000
16,000
Toronto Stock Exchange
0
2,000
4,000
6,000
De
c-8
6
No
v-8
7
No
v-8
8
No
v-8
9
No
v-9
0
No
v-9
1
No
v-9
2
No
v-9
3
No
v-9
4
No
v-9
5
No
v-9
6
No
v-9
7
No
v-9
8
No
v-9
9
No
v-0
0
No
v-0
1
No
v-0
2
No
v-0
3
No
v-0
4
![Cap. 173] Pensions CHAPTER 173. PENSIONS. 173.pdf · Pensions, etc., to cease on bankruptcy. 14. Pensions, etc., may cease on sentence to term of imprisonment. 15. Pensions, etc.,](https://img.pdfslide.net/doc/110x75/5f32c41fe2aa25713c052446/cap-173-pensions-chapter-173-173pdf-pensions-etc-to-cease-on-bankruptcy.jpg)
