Feds’ Decision to Transfer $1.9B Public Pension Surplus to General Revenue Within Its Purview
Toronto Office Manager Partner Mitch Frazer was quoted by Benefits Canada in an article about the Canadian federal government’s decision to transfer $1.9 billion surplus from the Public Service Pension Plan to its general revenue.
Mitch says, “The odd thing here is that the employees contribute to this plan, so one could argue that maybe there should be some sort of surplus sharing, but it’s within the government’s ability to transfer the entire surplus to general revenue.”
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