Professional Institute of the Public Service of Canada

Professional Institute of the Public Service of Canada

March 02, 2010 09:51 ET

Public Service Unions Present a Common Front on Pensions and Benefits in Preparation for the Upcoming Federal Budget

OTTAWA, ONTARIO--(Marketwire - March 2, 2010) - In the face of the ongoing misrepresentation about federal employees' pensions and other retirement benefits, representatives of the Professional Institute the Public Service of Canada (PIPSC), the Public Service Alliance of Canada (PSAC) and the Canadian Labour Congress (CLC) will set the facts straight on the eve of the upcoming federal budget in a press conference to be held at 11:00 AM on Tuesday, March 2, in the Charles Lynch Room of Parliament Hill.

Gary Corbett, President of the Institute, stated: "These fallacies are being put forward by representatives of the business community who in no way represent the average Canadian. Unfortunately, they have received a great deal of coverage in the media recently. It's time to move away from the rhetoric, to give Canadians a more balanced view about their public service, and to present them with the facts about federal retirees' pensions and benefits".

Good pensions are a cornerstone of the compensation package provided to public service employees, who do not have access to the perks and high salaries the private sector offers. 

Public sector workers pay more into their pension plans than other workers – up to 40% of the benefit, compared to an average of 29% for those private sector workers lucky enough to have a pension plan. The average annual pension paid to retired federal employees in 2008 was approximately $33,500. In contrast, it is not uncommon for corporate executives and retired Members of Parliament to enjoy pensions worth hundreds of thousands of dollars every year. Also, despite allegations to the contrary, there is no funding crisis that requires a sudden massive restructuring of public sector pensions or cuts in benefits.

A Questions and Answers session will follow prepared statements from PIPSC, PSAC and the CLC. Mr. Corbett will also be available for media interviews after the event.

The Professional Institute of the Public Service of Canada represents some 57,000 professionals across Canada's public sector.

Contact Information

  • Professional Institute of the Public Service of Canada
    Chantal Lecours
    613-228-6310 extension 2229
    Cell: 613-864-4368