Pension plans face inflation press in retirement funding
The final average pension plans may be the next victim of inflation as 1973 74 wage hikes outpaced premium growth. Governments may require losses liquidated within five years, raising funding challenges for Canada Ontario Quebec Alberta Saskatchewan. Experts warn fewer final pay plans may be created while fringe benefits like the spouses pension face cuts.
MENTIONED IN THIS ARTICLE
Penson
Canada
Ontario
Quebec
Alberta
Saskatchewan
J. Bruce MacDonald
William M. Mercer Ltd
Pension Consultants
Mr. MacDonald
Montreal Postal Workers Prolong Sick-Out Amid Suspensions Protest
Montreal postal workers abstained from the midnight shift and did not work the morning shift to protest suspensions. Union leaders pledged solidarity and planned legal action over alleged mistreatment while accepting a new hiring plan to add 160 full-time staff weekly.
MENTIONED IN THIS ARTICLE
Montreal
Post Office
Montreal-area
Canadian Union of Postal Workers
Mackasey
Bryce Mackasey
Quebec City
Post Office Department
Cap-de-la- Madeleine
Trois-Rivieres
Chicoutimi
Port Alfred
Bagotville
Jonquiere- Kenogami
Alma
Loretteville
Baie Comeau
Marcel Perreault
Perreault
Mack
B C Liberals Reject Coalition Movement At Convention
British Columbia Liberal delegates at a Richmond convention backed leader David Anderson after reaffirming opposition to any coalition with other parties. The three day gathering followed defections by Pat McGeer Garde Gardom and Allan Williams and urged a moderate path against the NDP while pledging to offer Liberal candidates province wide. Anderson received an unexpected leadership endorsement and expected no further challenge at the September meeting.
MENTIONED IN THIS ARTICLE
Richmond
B.C
British Columbia
Liberals
NDP
David Anderson
Anderson
Liberal Party
Vancouver
Pat McGeer
Garde Gardom
Allan Williams
Gordon Gibson
Social Credit
Conservatives
Liberal Party of
Legislative Assembly
Ray Perrault
Simma Holt
Liberal
Vancouver Kingsway
High bacteria counts in British Columbia fast food outlets
Health Minister Dennis Cocke said he was not startled by the CAC report on unsanitary conditions at Vancouver area fast food outlets. He blamed too few inspectors and urged operators to clean up. Some managers began tests and vendors blamed staff turnover and training. bacteria counts reached up to two million daily in CAC findings.
MENTIONED IN THIS ARTICLE
Vancouver
Dennis Cocke
Cocke
Consumers’ Association of Canada
British Columbia
CAC
Gerald Bonham
Jan Pattullo
United Food Ltd
A and W
Taylor warns Hat to watch direction of city growth
Alberta Liberal leader Nick Taylor questions Medicine Hat plans for large scale petrochemical development. He urges cost benefit analysis covering schools roads water pollution and health impacts and cites pollution risks and long term costs outweighing potential gains for residents.
MENTIONED IN THIS ARTICLE
Taylor
Hat
Edmonton
Alberta
Nick Taylor
Medicine Hat
Bow Island
Ted Grimm
Sarnia
Ont
North America
Europe
American Medical Association
United States
Britain
Cosmonauts Dock With Salyut 4 To Begin Experiments
Soviet cosmonauts Lt.-Col. Pyotr Klimuk and Vitaly Sevastyanov linked with Salyut 4, reported all station systems normal and they feel well. docking occurred 30 hours after Soyuz 18 launch with automatic then manual approach from 100 meters. Salyut 4 sits 217 miles above Earth in a near circular orbit. second crew aboard for first time in four years. No stay duration announced.
MENTIONED IN THIS ARTICLE
Moscow
Salyut 4 Space Station
Orbiting Laboratory
Tass
Air Force
Pyotr Klimuk
Vitaly Sevastyanov
June 23 Budget Push Delays Parliament Backlog Clearance
Ottawa sources warn that the June 23 budget announcement will push Parliament to mid-July at the earliest. With 30 bills pending and only 10 opposition days left before adjournment, government progress looks unlikely before fall. The Petro-Can bill and a pension for spouses aged 60 to 65 remain top priorities, while welfare reforms and housing, competition policy, and equal status for men and women face later action. The Time and Reader's Digest tax-privilege bill resumes debate but is expected to stretch into the fall.
MENTIONED IN THIS ARTICLE
Ottawa
National Petroleum Corporation
Marc Lalonde
House
Time
Reader’s Digest
Also Mentioned on This Page
Clayton
Sinclair Financial Times News Service
Canadian Association of Pension Supervisory Authorities
Aciste
Fice
Sun
Ada Brown
The
Association
City Health Department
Pease Drive
John Q
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