Governments are major employers, and many provide defined benefit pension plans with full inflation indexing and generous early retirement provisions. Hence, changes in thinking about, and accounting for, the costs of defined benefit pension plans have major implications for government finances....

Governments are major employers, and usually provide defined-benefit (DB) pension plans with full inflation indexing and generous early retirement provisions. Hence, changes in thinking about, and accounting for, the costs of DB pension plans have major implications for government finances. Both...

Multi-employer, contingent-benefit pension plans cover hundreds of thousands of current and former employees of Canadian governments, and millions more in Canada’s broader public sector – employers such as hospitals, school boards, and colleges. Understanding the value of these plans’...