Tag: contribution rate

Saskatchewan Government and General Employees Union hikes defined benefit contribution rate to 54% of wages!

Here is an interesting story out of Saskatchewan that offers an extreme example of the risks of defined benefit pension plans in the current environment. The Saskatchewan Government and General Employees Union (SGEU) has 35 employees and a defined benefit pension plan. On January 14, 2010 the SGEU planned to increase the employee contribution to the pension...