Despite the legal threats of unions and the protests of public workers, Quebec’s controversial pension reform measure passed into law Thursday. The law, Bill 3, mandate that workers contribute a higher percentage of their paychecks to their pensions. In short, they split the bill 50-50 with municipalities. More details from CBC: The bill was passed … Continue reading Quebec Passes Controversial Pension Reform Into Law
A union coalition representing 65,000 workers has announced workers may strike for 24 hours in protest of the proposed pension reforms contained in Bill 3. Additionally, the union spokesman said a legal challenge could be in the works. Bill 3 would increase pension contributions and eliminate COLAs for many workers. More from the Montreal Gazette: … Continue reading Montreal Unions Will Fight “Unjust” Pension Reform Bill
Protestors are flooding Montréal streets in opposition of Quebec’s Bill 3, a measure that would freeze COLAs for retirees and increase employee contributions. But the government isn’t willing to reverse course on their plan to lower the costs of the province’s pension system. Bill 3 is expected to pass within a month. From the Montreal … Continue reading Quebec Stays Course on Pension Reforms In Face of Mounting Protests
Leo Kolivakis is a blogger, trader and independent senior pension and investment analyst. This post was originally published at Pension Pulse. Theophilos Argitis and Kristine Owram of Bloomberg report, Home Capital Is a Minor Meltdown That’s Left a Major Mark on Canada: The story Canada has been telling itself about its economy is starting to sound … Continue reading Canada’s Pensions to the Rescue?
Leo Kolivakis is a blogger, trader and independent senior pension and investment analyst. This post was originally published at Pension Pulse. John Tilak and Matt Scuffham of Reuters report, Canada’s CPPIB pension fund plans farmland retreat: Canada Pension Plan Investment Board (CPPIB) has decided against making further investments in farmland and is open to selling its … Continue reading CPPIB Retreats From Farmland?
Leo Kolivakis is a blogger, trader and independent senior pension and investment analyst. This post was originally published at Pension Pulse. This is a bilingual comment so bear with me. La Presse Canadienne recently reported on the compensation of the Caisse’s senior managers, Combien ont gagné les patrons de la Caisse de dépôt et placement du … Continue reading A Caisse of Outrageous Compensation?
Leo Kolivakis is a blogger, trader and independent senior pension and investment analyst. This post was originally published at Pension Pulse. Benefits Canada reports, OMERS enters into infrastructure investment in Chile: Borealis Infrastructure, the infrastructure investment manager of the Ontario Municipal Employees Retirement System, has signed an agreement to acquire a 34.6 per cent stake in … Continue reading A Chilean Love Affair?
Leo Kolivakis is a blogger, trader and independent senior pension and investment analyst. This post was originally published at Pension Pulse. The California Public Employees’ Retirement System (CalPERS) put out a press release yesterday, Réal Desrochers Leaving Private Equity Program: The California Public Employees’ Retirement System (CalPERS) said today that Réal Desrochers, managing investment director of … Continue reading Big Departures From Pension Land?
Leo Kolivakis is a blogger, trader and independent senior pension and investment analyst. This post was originally published at Pension Pulse. I wasn’t going to blog today but I realize that I’ve been slacking on my coverage of the Caisse. Two weeks ago, Devin Banerjee, Scott Deveau, and Frederic Tomesco of Bloomberg reported, Caisse Joins KKR … Continue reading Caisse Bets Big on Insurance and Water?
Leo Kolivakis is a blogger, trader and independent senior pension and investment analyst. This post was originally published at Pension Pulse. Matt Scuffham of Reuters reports, Ontario Teachers’ Pension Plan sees lower 2016 rate of return: The Ontario Teachers’ Pension Plan’s rate of return dropped to 4.2 percent last year from 13 percent in 2015, the … Continue reading Ontario Teachers’ Gains 4.2% in 2016
