Increased OAS spending means less spending elsewhere, higher taxes, and/or more government borrowing.
pension costs
April 11, 2012
2:00AM
The recent federal and Ontario budgets produced a plethora of headlines about how the public sector should brace for changes to its costly pension deals. The dramatic language was in part provoked by lines like this from the Ontario budget: Pension costs are one of the fastest-growing line items and the status quo is not an option.