Economy 53,160 Posted March 18, 2017 Share Posted March 18, 2017 https://www.google.ca/amp/s/www.thestar.com/amp/news/queenspark/2016/06/21/wynne-says-cpp-deal-means-no-need-for-ontario-pension-plan.html Yes I was so against this Ontario Canadas largest Province has put on the final legal actions to cancel a program to start its own seperate Retirement System from the Federal Government after Trudeaus new Government enhanced retirement plan making the seperate system "no longer necessairy" according to Premier Wyns own words Link to post Share on other sites More sharing options...
Economy 53,160 Posted March 18, 2017 Author Share Posted March 18, 2017 I still think retirement ages around the world need to be raised a couple years to compensate for lower birth rates, aging population and higher life expectancy as unpleasent as it may be age 65 retirement has been the standard a LONG time and is outdated to modern circumstances thoughts? @Luc @Woolfsmck @UK Monster Link to post Share on other sites More sharing options...
August Blue 8,566 Posted March 18, 2017 Share Posted March 18, 2017 Wtf.. raising the pension age more than 65? If I got it right? Are people supposed to enjoy their life or just work till they die ..?? How about replacing them with younger people who need a job? Link to post Share on other sites More sharing options...
DeanWinchester 41,390 Posted March 18, 2017 Share Posted March 18, 2017 I thought the Ontario Provincial Police was cancelled Flyin' like a 1000 Doves Link to post Share on other sites More sharing options...
Economy 53,160 Posted March 18, 2017 Author Share Posted March 18, 2017 12 minutes ago, August Blue said: Wtf.. raising the pension age more than 65? If I got it right? Are people supposed to enjoy their life or just work till they die ..?? How about replacing them with younger people who need a job? Well i didnt say it was gonna be pleasent But retirement pensions globally are in deficit and severely strained because demographics now have a lot more people entering retirement and a smaller percentage of younger people contributing the new generation also spends more years in school not contributing as heavily the first years as was common No one said it was pleasent. But not fixing an issue because you dont like it is pure stupidity Governments around the world are reluctant to bring up the issue because everytime a politician does there is severe backlash from public and they kick the can down the road Experts are really worried about whats gonna happen to the system 15-20 years down the road with no adjustments being done to reflect the changed circumstances birth rates are lower and people are older, yet hardly any alterations to compensate have been done in most countries Link to post Share on other sites More sharing options...
Cocaine Heart 4,768 Posted March 18, 2017 Share Posted March 18, 2017 20 minutes ago, Economy said: I still think retirement ages around the world need to be raised a couple years to compensate for lower birth rates, aging population and higher life expectancy as unpleasent as it may be age 65 retirement has been the standard a LONG time and is outdated to modern circumstances You want people to work till they die ? It should not be raised. That's really a selfish thing to say. People work hard though out their lives, that is their time to rest. We going to boo Link to post Share on other sites More sharing options...
Economy 53,160 Posted March 18, 2017 Author Share Posted March 18, 2017 1 minute ago, Cocaine Heart said: You want people to work till they die ? It should not be raised. That's really a selfish thing to say. People work hard though out their lives, that is their time to rest. Typical. Citizens dont want any unpleasent changes but never offer solutions to fix an issue how do u suggest we compensate for the mass deficits in government pension funds then? The only other option is to surge deductions on working people and cut what old people receive both terrible for the economy Link to post Share on other sites More sharing options...
PunkTheFunk 125,734 Posted March 18, 2017 Share Posted March 18, 2017 20 minutes ago, DeanWinchester said: I thought the Ontario Provincial Police was cancelled Same Link to post Share on other sites More sharing options...
Cocaine Heart 4,768 Posted March 18, 2017 Share Posted March 18, 2017 7 minutes ago, Economy said: Typical. Citizens dont want any unpleasent changes but never offer solutions to fix an issue how do u suggest we compensate for the mass deficits in government pension funds then? The only other option is to surge deductions on working people and cut what old people receive both terrible for the economy I am not a citizen of your country. The retirement age in my country is 60. In your country this isn't an immediate issue. I'm sure alternate plans could be made and those deductions are't mass deductions. Yeah it may be terrible for the economy but it's not terrible for the people, people actually matter. Typical right wing thinking. We going to boo Link to post Share on other sites More sharing options...
Gagamel 3,410 Posted March 18, 2017 Share Posted March 18, 2017 52 minutes ago, Cocaine Heart said: I am not a citizen of your country. The retirement age in my country is 60. In your country this isn't an immediate issue. I'm sure alternate plans could be made and those deductions are't mass deductions. Yeah it may be terrible for the economy but it's not terrible for the people, people actually matter. Typical right wing thinking. I would like to hear about those alternate plans, if you don't mind And your statement "it may be terrible for the economy but its not terrible for the people" is kinda contradictory, if something is terrible for the economy it is automatically terrible for the people Link to post Share on other sites More sharing options...
Luc 4,776 Posted March 18, 2017 Share Posted March 18, 2017 1 hour ago, Cocaine Heart said: I am not a citizen of your country. The retirement age in my country is 60. In your country this isn't an immediate issue. I'm sure alternate plans could be made and those deductions are't mass deductions. Yeah it may be terrible for the economy but it's not terrible for the people, people actually matter. Typical right wing thinking. It's not affordable to keep it up when there's one pensioner for every two workers (which will happen in Europe). Remember the baby boom generation? Well, Europe is ****ed. How are so few young people going to pay for the pensions of so many old people? Taxes would fly through the roof and there would be no pension left for the young people. The only solution is raising the retirement age. 2 hours ago, Economy said: I still think retirement ages around the world need to be raised a couple years to compensate for lower birth rates, aging population and higher life expectancy as unpleasent as it may be age 65 retirement has been the standard a LONG time and is outdated to modern circumstances thoughts? It's already raised in most of Europe. Even Greece has 67 now (with exceptions for too many jobs/people, though). In the Netherlands it will be 67 by 2021 and will keep rising along with age expectancy. My retirement age is 70,5 afaik. It's necessary, because by 2050 there will be one person above 65 for every two of working age. It's hard to keep up the system like that. I'm personally not in favour of raising the retirement age because there's many jobs where working after 65 is a no-no. I'm in favour of a flexible pension age, where you get to decide yourself if you want to be earlier, but your pension will be lower. Link to post Share on other sites More sharing options...
Bear 7,515 Posted March 18, 2017 Share Posted March 18, 2017 I think it is going to be necessary in some form or another to either increase the age or decrease the amount each person receives, despite the fact no one is going to like it or readily accept it. Perhaps until a better solution is figured out, some emphasis should be put on encouraging younger people to start saving early/investing in private pension schemes. At least that will supplement the state pensions later on in life or even provide the option to retire earlier. Link to post Share on other sites More sharing options...
Woolfsmck 2,763 Posted March 19, 2017 Share Posted March 19, 2017 Complex issue to be sure. Bring that the government is trying to "help' the citizens, their policies need to reflect the best interest of the over all economy, not just one individual segment. Also, the revenue projections for the next decade need to be factored , not just what the current status. I am fortunate that my job allows me to continue working well past retirement age. like a cat in a sil, I observe life, moving and still. My words give a clue,look inside to see whats true Link to post Share on other sites More sharing options...
Maleficent 6 Posted March 19, 2017 Share Posted March 19, 2017 6 hours ago, August Blue said: Wtf.. raising the pension age more than 65? If I got it right? Are people supposed to enjoy their life or just work till they die ..?? How about replacing them with younger people who need a job? In a few years, the baby boomers of the 50s-60s are gonna become seniors, and a lot of communities in Canada are gonna have a higher-percentage of seniors than working millennials. Thus, we either need to raise taxes on the working younger generation (NO!) or cut/limit/change pensions (a little better). Link to post Share on other sites More sharing options...
Maleficent 6 Posted March 19, 2017 Share Posted March 19, 2017 5 hours ago, Gagamel said: I would like to hear about those alternate plans, if you don't mind And your statement "it may be terrible for the economy but its not terrible for the people" is kinda contradictory, if something is terrible for the economy it is automatically terrible for the people Giving me "I have a secret plan to defeat ISIS" tease... Link to post Share on other sites More sharing options...
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