Tag: Pensions

  • The Canadian Pension Plan: The Deadly Hand of the Market

    A recent article in the Toronto Star and its accompanying photo bear comment. The reaching hands are not of rioting, starving people grasping for food but of stockbrokers on the trading floor. The article, about protecting individual portfolios, counsels people to know of their options though “the majority of investors have little or no understanding … Keep reading »

  • Kinder-Morgan Fiasco: The Cat Is Out of the Bag at the CPPIB

    In the weeks and months ahead, there will be many political casualties of the Liberal government’s crisis surrounding the Kinder Morgan Trans Mountain Pipeline expansion. The first of these, however, was the carefully-crafted illusion that the Canada Pension Plan Investment Board’s (CPPIB) investment decisions are free from political influence. Over two decades, the Board had … Keep reading »

  • The Mirage of Pension-Fund Activism

    Pension-fund activism is a dead-end. Organizing and empowering workers is still the only way to revive the labour movement. Review of David Webber’s The Rise of the Working-Class Shareholder: Labor’s Last Best Weapon. Keep reading »

  • Contradictions of Pension Fund Capitalism

    Kevin Skerrett and Chris Roberts discuss the significance of their edited book, The Contradictions of Pension Fund Capitalism. Heather Whiteside and Janice Folk-Dawson speak to the issues the book raises for the trade union and working class movements today. Recorded in Toronto, 29 March 2018. Watch video »

  • Banking on Privatization: the Canada Infrastructure Bank

    The Liberal government is promoting the Canada Infrastructure Bank as a new way to provide financing for public infrastructure. But it’s really a new and dangerous way for corporations to profit from public infrastructure and services. The bank will allow corporations and private lenders unprecedented access to – and power over – the infrastructure that … Keep reading »

  • Bill C-27: An Attack on Pensions

    Ottawa – 1 March 2017. The Ottawa Committee for Pension Security (OCPS) recently co-hosted a panel discussion with the Congress of Union Retirees about Bill C-27, a Bill that will give employers the tools they need to dump their defined benefit pension plan guaranteed promises, including the benefits already earned and paid for by active … Watch video »

  • Can We Defend Our Pensions Without Challenging Financialized Capitalism?

    Unrelenting employer attacks on workplace based pension plans are intensifying, and the struggle to defend them is becoming more challenging right across the country. One recent development appears to be an important partial victory. Some 900 workers at Bombardier’s Thunder Bay production facility, represented by Unifor, launched an eight-week strike on July 14, and the … Keep reading »

  • Trade Unions, Pensions, Corporations, and the State

    Toronto — 13 December 2013. Pension Funds, Unions, and Working Class Strategies – session 6: Since the late 1960s, a certain number of progressives and trade unionists have dreamed that the powerful corporations that dominate capitalist economies (and politics), exploit workers, and destroy the physical environment might be taken over – or at least restrained – … Watch video »

  • The Rise of Finance

    Toronto — 6 December 2013. Pension Funds, Unions, and Working Class Strategies – session 5: What role for unions and pension funds? One of the emerging features of the neoliberal landscape has been what many have come to label “financialization.” What do the “rise of finance” and financialization mean for trade unions, and especially those that name … Watch video »

  • Fiduciary Duty: A legal shield for corporate capitalism?

    Toronto — 25 October 2013. Pension Funds, Unions, and Working Class Strategies – session 3 A central feature of the debate about “pension fund activism” and so‐called “Socially Responsible Investment” (SRI) involves the various understandings of the legal concept of “fiduciary duty” as it applies to the pension trustees charged with administering funds and setting investment … Watch video »

  • Trade Union and ‘Progressive’ Strategies

    Toronto — 11 October 2013. Pension Funds, Unions, and Working Class Strategies – session 2: The responsible investment, capital stewardship, and ‘pension fund activism’ movements It is noteworthy that as finance has been on the ‘rise,’ some activists began to formalize anti-corporate and targeted activist campaign strategies through pension and personal investment funds. In Canada and the … Watch video »

  • From Pension Fund Socialism to Pension Fund Capitalism?

    Toronto — 27 September 2013. Pension Funds, Unions, and Working Class Strategies – session 1 Peter Drucker’s famous 1976 warning that the growth of workers’ pension funds was leading to “socialism” in the United States has not aged well. This conception inspired many trade unionists and some on the left, and led to various experimental proposals … Watch video »