Who really took pensions

One reader ponders about what's become of pensions schemes and what is responsible for depleting them.

To the Editor,

Our pension schemes were planned back in the day when trade unions were on the rise and perhaps assumed to be expanding. Also then assumed was that one could count on a good job to take a person all the way to retirement.

It was an age of relative prosperity, growth, and market profits for most small firms.

But in ideological ignorance, neglect, or complicity our governments have fostered a culture of union bashing. Adopting the theological mantra of small government, they even attacked their own unions.

Governments further deregulated investments and banking to promote the age of financial bubbles.

Now the economic partner in collapse, Harper wants to rob the nest egg of savings set aside to meet the old age security demands expected, or is it a hint that the books have been cooked, the cash shoveled out to bankers’ bonuses?

The public debate should not first be how we can fix the empty account but who in government and the financial industries do we jail first, before they run to a Swiss bank?

Dee Shoolingin,

Duncan

Just Posted

NDP leader Jagmeet Singh to campaign in Port Alberni

Singh joins Courtenay-Alberni candidate for rally to kick off final weekend before election

BC Transit to offer free bus services in Port Alberni on Election Day

Alberni Valley residents will be able to ride the bus for free on Election Day

ARTS AROUND: Port Alberni artists show their love of nature

“Spirits of Earth, Wind and Water” is on now until Oct. 30

EDITORIAL: Port Alberni arts deserve our support

Portal Players Dramatic Society is poised to perform a popular musical beginning this week…

YouTube video of Revelstoke grizzly bear goes viral

Why did the grizzly bear cross the railway tracks?

ELECTION 2019: Have Justin Trudeau’s Liberals really cut middle-class taxes?

Conservative Andrew Scheer vows to cut bottom bracket, NDP’s Jagmeet Singh targets wealth tax

Woman charged with numerous drug offenses stemming from a raid earlier this year at Island property

Police make arrest on an outstanding warrant dating back to January

B.C. RCMP officer suing the force for malicious prosecution

Cpl. Tammy Hollingsworth cleared of wrongdoing after misconduct hearing

Talk to your kids about vaping, B.C.’s top doctor says

B.C. health officials have discovered the first vaping-related illness in the province

Alberta truck convoy plans counter-protest at climate rally with Greta Thunberg

United We Roll organizer says similar protest planned for Swedish teen’s event in Edmonton

Scheer, Trudeau, Singh haggle over potential minority government outcome

If you believe the polls, it appears the Liberals and Conservatives are neck-and-neck

British family deported after ‘accidental’ U.S. border crossing

U.S. officials deny it was mistake, release video of vehicle crossing into Washington from Langley

Kamloops man hangs on to back of stolen truck as suspect speeds away, crashes

The pickup truck was seen leaving the roadway before bursting into flames

Most Read