defined pension benefits

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The dirty secret behind Canada's supposedly 'successful' public-sector pensions

The fault lies with public-sector employers, usually governments, who fail to represent the public interest.

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Since the turn of the millennium, the ever-increasing cost to taxpayers of government sector pension plans has been made evident time and again. Contribution rates have been hiked, often doubling in one decade, or the plans have been partly bailed out by governments—or both.