- Layton gets full salary for dismal performance, just like pension plan
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News flash: Jack Layton collects cash rewards for dismal performance
NDP leader is paid full salary despite placing last, again, in federal election
So why is he dissing the pension plan?
FOR IMMEDIATE RELEASE
JULY 24, 2009
$4 MILLION IN BONUSES HANDED OUT DESPITE $9.3 BILLION LOSS
Public-service pension executives collect cash rewards for dismal performance
OTTAWA – Yet another group of pension executives were handsomely compensated with bonuses this year despite massive losses, a practice that is unfair and unwarranted, especially during a recession, says New Democrat Pensions Critic Wayne Marston (Hamilton East-Stoney Creek).
According to its annual report, the Public Service Pension Investment Board suffered a loss of $9.3 billion in the fiscal year ending on March 31, 2009. It was the second consecutive year the fund lost money, and the fifth time in nine years that the fund has underperformed against established policy benchmarks.
Saturday, July 25, 2009
And The Other Guys.......
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About Me
- Unhypentated Canadian
- I lean to the right but I still have a heart and if I have a mission it is to respond to attacks on people not available to protect themselves and to point out the hypocrisy of the left at every opportunity.MY MAJOR GOAL IS HIGHLIGHT THE HYPOCRISY AND STUPIDITY OF THE LEFTISTS ON TORONTO CITY COUNCIL. Last word: In the final analysis this blog is a relief valve for my rants/raves.
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