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communal-mac“; Iii-d Is. an: . h J“; . t. Irwin-m ”The city is responsible cent of working Canadians ‘ “ ' Guerra-kg! ' for this shortfall along with do not have an employer. other participating cities and sponsored retirement plan. «ween 2004 and 2010. employeaa This means con- Fifty-nine per cent of Cana- CHEVROLET the City of Waterloo's tributions will rise at an even diam live paycheque to pay . , contributions to the faster rate than they have in cheque. . . Ontario Municipal Ernploy- thepast.’ The Waterloo cltizens' MARCH PRICE BREAK' ”WWW“ WMMWI" 94percent-andcbanges finalreportpriortoappmval a arecoming. “Tum-”0 "m0" ofthe city's 2012.14 budget. _ a .. _ Coutynl' Karen Scian said minty within in it. the task force said ,4 vs the ci current contribu- is current funding would no ' don trends were unsustaln- the WW]: longer be adequate to sup- , ,1 ' , > able. -mmsam port early retirements, infla- s . ‘ . ~_ I There is so much uncer- oninnlbililywlth OMERS tion adjustments and low / i ‘_~ .‘ \\.. um tainty within the broader oontributionsbyemployees. ‘ ‘ ‘ sector,” Scian said. “There OMERS was established It recommended working I." M ”'0 math I”. IAIN are some systematic in 1962 to serve local gov- toward an agreement where m0 255 RS 2,”: m 9,”? 61' m ”5' Chang? in the broader lec- emment employees across the city discontinues funher 3.0. 6 “fibrin anon-t hastilyâ€"id than 11.0““ p- tor t are coming that we Ontario. it currently repre- participation in the defined- htB: "putt“: “mphâ€"outb- thmIOflah need tolookat." sents 93] employers and benefit plan. grandfathering fi‘HH-fl-hfi -: “unkind-IL“ Ila-HI“ The taxpayers' match in more than 400,000 mem- existing employees but Ibo-”nonflhian fidlflifimwsn "7/”me theOMERS plan for dtystafl hers. retirees and survivors, implementing a more cost- s""“-* ”nil!" "mâ€"fiwm‘ and councillors has risen including municipal work- eil'ective retirement savings “ ‘ , from five per cent to 12 per ers. police. transit workers. plan forfutureemployees. _ cent, awarding to a citizens’ firefighters and hydro work- Sdan said there would be __ budgettaskforoereport. ers. schangecomingasthecity Bill Tufts. a pension The fund has been works through each of the l g , ,‘ . expert and author of the depleted by both the reces- recommendations made by A L “m“ D“ 't biogofFair Permian: For All. sion and increasing retire- the citizens' budget task 1." mm; 20" 20" m0 saidthedtyhassome mug: ment ratesuthepopulation force, including OMERS ‘ m u I“; mm ’5' IS 5”,”; decisions to make ages. decreasing the number contributions ‘ “I‘D/(mm 'H‘HM “ “‘3".ou ‘ 'Shortfalls at the OMERS of contributors in February. “We want to have a ~ panhyvâ€"u-thdd mwddfiuh “Hunâ€"fl"! pension fund have been sky- OMERSannouncedits fund- response to each recom- . month-ally.“ difllm-“SFC “ugh-dud..." h rocketing and are expected ing deficit had widened to mendation. but it will take sands"- “Q‘s-ash MO,“- Ioluyi din-Mmdsnu to be over $9 billion next $7.3 billion from $4.5 billion two years,” Scian said. “i . first: ad" bah it!!!” . IMFâ€"ain‘t"! year.‘1\ifissaid. “in 2011 the last year. know people want to see \ , “" shortfall increased by $2.8 According to Statistics things happen immediately : billion. Canada. more than 60 per but that's not how it works.” ‘ ' 5“!!!- - . _, i 20" my 10" 6“ 2009 roam "Hm { strata-u H ,”5’ plu31“m,”$ may SW. “3;!!! l n H in pug ans-ltâ€" ill-H punt-II. w dlfiuafiaqh- liqâ€"Thin“ hflsd-d-thsJSF Garm layman-tibial It“; HRH blip. «IMF-vim.“ oilfibdmdiytulu.~ quSnatlu,m ‘Ii‘lmmwfl i- an as but. new gum-sumo! - 8m K 1" _ g, '3 . - '5 no. - -, R - , new a We ”in 65 "M” W £141”? “It“ “”95" The Region“: Largest and lost llâ€"thmJ‘a “uplliiqht‘A/c Mill‘s-soon. a“, ifihmhflld POI-*J/(d-Lhii hfldmzadSfio m a W m denulfl,*pâ€"ih “IIMM-ndl lmwm ‘3‘ HWM‘ ‘Ii‘filflh‘l‘ Iifimuw_n - hum .. was * MMMhMMAraI-s , ... - . l k I ’m . i m See Landscape and Home Improvement . a . . E + -â€"â€"-' Experts at the Rogers Theatre! \ ‘ 2m roam: 2007 WC 2007 WC mm m - escort “0,495 man ‘11,!” mm ”2,493 infirm "a”. Nil-Immutflsh limitsâ€"valiant In mumâ€"mud “pump-music! “Hui-Ac“ ‘hdh-alflfin . ‘ g - .. , ' . . and-a..3‘o$,*~ fimhbfldhdi It d!‘o$,* “Hdhdipo "always-ti.” filmâ€""b ' moanâ€"tumult: am “not , p *0 _ _ a 1:}: GM Optimum a t mm ‘63 ./ ' 300 Weber It. ”will, in Wot-rho ’ 31’3““ “ W ____._____.__A A,A , . i I