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BCI Reports 16.5 Per Cent Annual Return for Fiscal 2021

Six employees talk about their personal roads to retirement

Pension plan error leaves man on hook for $7K

Posted: Mar 02, 2021 4:00 AM ET | Last Updated: March 2 Due to an error made by the federal department s Public Service Pay Centre, about 1,000 employees have been paying into the wrong pension plan and some must now pay thousands back to the government. (Ron Ward/Canadian Press) Casey Babb says when he opened a letter from Public Services and Procurement Canada (PSPC) last Friday, he was shocked at what he read.  Due to an error made by the federal department s Public Service Pay Centre, the Ottawa man has been paying into the wrong pension plan group for nearly six years.  The result: he owes the government about $7,000 and was given a little over a year to pay the sum back into the right pension plan. 

Alberta Teachers' Association planning legal challenge to pension order

Local teachers fume over pensions

Article content Teachers across the province are seeing red after Alberta’s finance minister quietly signed ministerial orders at the end of the year that they say give the government-owned investment manager more control over workers’ pensions. One of four orders signed by Finance Minister Travis Toews on Dec. 23 changed the terms of the Alberta Teachers’ Retirement Fund (ATRF) to allow the Alberta Investment Management Corporation (AIMCo) to reject changes proposed by the pension manager in its investment policy. We apologize, but this video has failed to load. Try refreshing your browser. Local teachers fume over pensions Back to video