HomeMy WebLinkAboutClinton News Record, 2014-08-13, Page 44 News Record • Wednesday, August 13, 2014
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editorial
Public zapped by
hydro pension plans
QMI Agency
It's frightening that every time anyone who knows
how to add looks at public pension plans in Ontario's
electricity sector, they freak out.
So should taxpayers and hydro consumers, because
they're contributing $5 for every $1 provincial employ-
ees at Hydro One and Ontario Power Generation con-
tribute to their pension plans.
These plans, covering tens of thousands of workers, are
so expensive there have now been repeated warnings
from independent financial experts they will make our
electricity bills higher than they otherwise would be.
The latest bad news comes in a report prepared for
Premier Kathleen Wynne's government that the Liber-
als did their best to bury.
Finished in March, they held it until after the June
election, then released it August 1 on the finance minis-
try's web site, heading into the long weekend.
This is standard operating procedure when a govern-
ment wants to bury bad news.
The report, prepared by consultant Jim Leech, former
CEO of the Ontario Teachers' Pension Plan, found
Hydro One and OPG pensions are "far from sustaina-
ble" because they are overly "generous, expensive and
inflexible; even when compared to other pension plans
in the public sector.
"The employers bear all risks, such as investment per-
formance, interest rate changes and increased longev-
ity," Leech wrote. "These risks increase both the amount
and the volatility of pension costs, which is ultimately
borne by ratepayers, customers and shareholders."
Leech recommended the government lower the
public's contribution rate to 50/50 with employees
over five years.
But this isn't the first time an independent financial
expert has warned about out -of -control pension costs
in the electricity sector.
In December, 2013, Ontario Auditor General Bonnie
Lysyk reported overly generous pensions at OPG would
directly impact on hydro rates, along with excessive sal-
aries, bonuses, moving allowances, rampant overtime,
a surplus of senior managers and nepotism.
She also found the public was contributing $5 to the
OPG pension plan for every $1 contributed by OPG
staff, five times higher than for other civil servants.
Sadly, it falls to Wynne's government to reduce these
costs, which will have to be negotiated through collec-
tive bargaining.
Given the Liberals' close relationships with the prov-
ince's public sector unions, that's like sending in a rab-
bit to guard the lettuce patch.
n
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column
Ebola infected Americans
deserve praise not blame
Tara Ostner
The Clinton News Record
The Ebola virus is continuing to
cause suffering and death in West
Africa. Close to a thousand people
have died so far, a global health emer-
gency has been declared by the World
Health Organization and two Ameri-
cans, Dr. Kent Brantly and Nancy
Writebol, who are infected with the
virus were recently flown back to the
United States for treatment.
In the weeks following the out-
break there has been some contro-
versy surrounding certain events that
have unfolded. For instance, com-
ments concerning the necessity of Dr.
Brantly and Writebol traveling to
Africa to begin with, the possibility of
travel bans and the use of the experi-
mental drug are popping up on vari-
ous news networks' websites. Public
figures such as Donald Trump are
also weighing in calling his country's
leaders incompetent and proclaim-
ing that individuals infected with
Ebola should not be allowed back in
the United States.
While I understand why people are
concerned and possibly scared, I
don't think that they should be and if
people took the time to understand
that the risks of a similar outbreak
occurring in North America are
small, perhaps they would become
less fearful. Unlike in undeveloped
countries, the developed countries
have the medical resources and
infrastructure needed to protect peo-
ple and prevent the virus from
spreading; they know how to identify,
treat and contain infectious diseases.
I also think that Donald Trump
(and people who share similar opin-
ions as him) would truly benefit from
gaining a bit of perspective. In a Twit-
ter statement issued by Trump, he
said that "people that go to far away
places to help out are great - but
must suffer the consequences."
This comment is absurd.
Implicit in the statement seems to
be the assumption that when peo-
ple do good, for example, by help-
ing, they must pay a price. But
why should someone have to pay
a price for doing something good?
Is Trump actually claiming that
Dr. Brantly and Writebal deserve
to be infected with Ebola because
they chose to perform such a car-
ing and selfless act? Not only is
this hateful but it is nonsensical
and irrational.
Rather than reacting the way
that he did I wonder why Mr.
Trump doesn't react with sympa-
thy and regard Dr. Brantly and
Writebal's actions for what they
were, namely, great acts of kind-
ness. Dr. Brantly and Writebal
don't deserve to be chastised for
their warm natures and well-
intentioned actions - no one does.
Instead, they deserve to be
praised and respected and it is
shocking how mature adults, pre-
sumably in their right mind, can
lose sight of this very rudimentary
concept, a value that we learn in
grade school: again, Mr. Trump,
we reprehend that which is bad
and we praise that which is good.
It doesn't work the other way
around. Wherever it is that Trump
gets his notions of good and bad
and right and wrong from, they
are, in my opinion, wrong.
If we indeed live in a world
where the protection of one's
health comes down to mere luck
of the draw and what country one
lives in then I think that this calls
for an even greater need for peo-
ple like Dr. Brantly and Writebal.
If this is the world that we live in
then it will necessarily come
down to the virtuous actions of
sole individuals to help treat and
protect people's health regardless
of where they happen to live.
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