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

Mattress recycling program provides work experience in Port Alberni

Recycle Matters was started by INEO Employment Services

Port Alberni’s Five Acre Shaker announces first headliner

Canadian rock band Harlequin will take the stage on Sunday

Two new developments approved for Port Alberni

Rental apartments and new retail space proposed

Take the Fresh Steps Unplugged Challenge in Port Alberni

Are you doing your part to limit your child’s screen time?

UPDATED: Drag racers cancel Thunder in the Valley for 2019

AVDRA makes last-minute decision after ACRD denies airport for venue

Kelowna RCMP interrogation video brings home reality in ‘visceral way’: former TRC chairman

Video of Mountie interrogating young Indigenous woman disclosing sexual abuse under fire

B.C. ferry stops to let bear swim past

Queen of Oak Bay brakes for wildlife in Nanaimo’s Departure Bay

Update: Mother dead, child in critical condition after carbon monoxide poisoning at Shuswap campground

The woman was found unresponsive insider her tent and the youth was taken via air ambulance to hospital

Canada’s parole officers say correctional system has reached breaking point

About half of Canada’s federal parole officers work inside penitentiaries and correctional institutions

Montreal researchers create audible hockey puck for visually impaired players

Three years ago, Gilles Ouellet came up with the idea for a puck that makes a continuous sound

Vancouver Island MusicFest: ‘House bands’ from the golden age of rock and R&B

Some of America’s greatest session musicians are coming to the Comox Valley this summer

Former B.C. Greyhound bus drivers head to Penticton for goodbye party

Big bash runs until Sunday, funded by drink cans left behind on busses over the years

Boy, 12, arrested after allegedly pulling a knife on another child at a Surrey park

The child was later released into his parents’ custody as Surrey RCMP continue their investigation

Full-scale search underway for missing kayaker on Okanagan Lake

Kelowna Paddle Centre member Zygmunt Janiewicz, 71, failed to return from his ‘daily kayak’ on the lake

Most Read