The Province of Newfoundland and Labrador recently announced that its pension crisis is solved, and that it’s on the path to good health. Fair Pensions for All and Mises Canada decided to investigate and were alarmed at what they found. Although some of the pension tension has been relieved, actions taken provide only very minor relief. The additional bailout announced of $2.62 billion does absolutely nothing to prevent further shortfall from happening again, and does not protect tax payers and future public sector workers.
