Pension Promises and the UC Budget
One of the issues facing UC is pension liabilities. As we have noted in prior posts, although it may seem paradoxical, liability for the pension is a young person’s issue. Old folks tend to worry about whether they will get their promised UC pension when the issue is raised. However, the actual issue is that because they and everyone else will get what is promised, the UC budget going forward has to meet the promise in future years. Dollars that will go to the pension won’t go to something else. Although you may read about this or that jurisdiction that…
