KLEIN TRIED THIS IN 1993 PROMISING TO PRIVATIZE LAPP, WHICH BY - TopicsExpress

KLEIN TRIED THIS IN 1993 PROMISING TO PRIVATIZE LAPP, WHICH BY 1997 HAD PAID OFF ITS DEFICIT, MADE MONEY AND WAS NEVER PRIVATIZED ---WHAT WAS DONE WAS THAT LIKE CPP, LAPP HAS CAPITAL INVESTMENTS, P3 FUNDING The key features of the new scheme include a cap on total contribution rates for government and its employees, a moratorium on benefit improvements until 2021, and a limit on pension cost-of-living adjustments to 50 per cent of Alberta’s inflation, instead of the current 60 per cent. Those annual cost-of-living increases will be paid only if the plans’ finances permit. And long-serving government workers who can now retire early with a full pension will see reduced benefits if they retire before age 65. Economist Don Drummond, who authored a major report last year for the Ontario government on how to address that province’s fiscal situation, said Alberta’s moves are the most aggressive yet. “It seems like every time one province does something on deficit reduction, it seems to get exported pretty quickly,” he said. “So the tic-tac-toe in this case was first Ontario and then New Brunswick – and New Brunswick in some important respects went further – and now Alberta, and they have gone further as well.” theglobeandmail/news/politics/alberta-tackles-pension-costs-with-sweeping-reforms/article14366399/