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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 374.22-0.2%4:00 PM EST
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To: Slagle who wrote (6392)5/14/2006 10:41:05 AM
From: gg cox  Read Replies (3) of 217911
 
If you are referring to Ontario Teachers pension fund...maybe they were selling their coal interests to trim down some of their 20 BILLION pension deficit... see pension questions ...here

osstf.on.ca

Note..."pensions are protected from inflation by up to 8 percent in any one year"

Like so many other large company pension plans (about 80 in Canada in serious trouble) they are not addressing deficits.Some pensioners think it is their "right" to have their pensions fully indexed to inflation resulting in a person retiring with a $40,000 pension, doubling it, and then taking in possibly $120,000 per year before they die.This will lead to disaster backed by government or not.The private pensions in Canada that are relatively sound, do not have full inflation protection, but occasional adjustments and at a small percentage of the inflation rate.
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