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newu‘emwcuwum-way. when” WATERLOO I 279 Web. St N.. 5* m ‘ ' WWW 3i! “9-8362!” Pu: SIM“ l mm» x” Ptla WINK] El ,4». (f ; .:.-, In .71. I n V PUBLISHER m , » CAREFUL COUNCIL... I EDITOR ext. 229 momma CAN as A5 RABID MCwuedoochmiclexa A l 'C ! I GUN Rm ext 2l5 q 7i yet-citcwnerloochrmicku i " § 7 t q p‘ ’ ‘ a‘ ADVOCATES . lameslACKSON a?!” ‘ ' w l 1" '15 . {1 REPORTS! ext 203 ‘3 7t a a l 7 .. _-. uacksmOwuerloochroniclera ._ ’ . " ' . ‘ 7 1 ““‘"~fi" ‘“~ ‘ “ ‘ , in. “I. 5 b ‘ . ADVERTISING ‘-. .l ‘J;! ‘ e443” fl '.~ .9. l Ted ANDERSON ext 230 7' . , . . ~ 3‘3 I. ’,. we: ;. '5‘ , ""“’ ' " ‘ REGIONALADMANAGER , 7 ‘ (is f 4' . "a ale; ‘ ‘3». 1 ej . i! flights ‘ .. IandcrsonCwlterkiochrmiclt-ca “ -, 7 L , " f 7 " ‘ ., . . .7 . .1." ;*‘*’f‘....,‘ . if» .4 I '* ”5*“ {jg up 3w REPRESWAHVE ,7 , a» -7 - s , ‘ a 7. ..«- , . -. MichellcSTEVDJSexL 222 ‘3’. 7 ,- 3 ”'41 - fl 3"}? : “If". "‘45:" - mstevemewmrloocluoniclclca ' V, I ‘4, g 7 ‘3'! ‘7 7 In 7 ‘7‘ fife ft ‘ swnmasmnnva I 7 7 l . a} 7‘ I an , . “y I; g BillBOSHARTau. 223 N ‘ tax e: 7 J '4, d ,7 f. {In . 7 bboshan©wlerloochmnicleca 7 7 ,j -7 a." '1; , I we; » ”i; '5; . .3; ~. y: . __-“_ yr. ( I . -.. ‘ "l” -~ CLASSIFIFJ) ‘ : 7, mm? m it ‘ 4 ‘1‘ : “94395-5230 ' , .6 CIRCULATION A .. .7 ’ < Sui-8862830 ext. 2l3 e77..«=¢.c:s.r it" 7‘ 7‘ ;:- 7 7 . CanadinnPublicuiomMailSIlc-s . . ' mnemmmme gl. I. Who’s reallypushmgpension envy? 40050478 international SW Serial Num- k n his column about the ‘ other programs that support mun-m No turning ac omens municipal pen- “was reams- Audited Circulation: 31.292 sh," plan, Mike M88129 So why 15 there such a 0- he Region ofWaterloo has decided to appeal a Jan. ban says he is providing all push to eitploit pension envy h 21 Ontario Munictpal Board decmon that would the facts and letting the and oonvmce the public that My open up 10 times more land to development than public be the judge. DB plans are bankrupting Q can 0/ it originally earmarked in its revised omclal plan. . Unfortunately. providing the taxpayer? Who would V th Load developers antihleandoI/Irners have beetrLfighung all the facts is something he gait? in the swnch from DB to 11: WW matâ€"NM ose restrictions stnce region mine up wr a more hasnot done. ‘ . each Wednesday by 343,01.” balanced development approach for the area that would He states that the public. The real benefiuanes Medi- Gmup Ltd put hard butters around the townships and push devel- as the yummy; is funding would be investment advi- ommo PRESS COUNGL opment and mtensrficationwithin manor urban centres these pension plans. He 6' m _ “”me Whinmmw That plan was the guiding‘prInCIple behind the points out that although Yousee. Mr. Magreehan Is an: Ont-no Press Council. which region's push for Light Rail harm as a way to meet pro- contributions are equally DEAN an investment advnsor‘and cons-den compllmls Isms than Iected future population growth and get the community shared with the employees, GOOD therefore has his own skin In mymg‘wli- “law” "a" to grow up instead ofgmwing out. Putting the brakes on those amounts do not match the game. ' conduct atrium fim be taken to the “new “It“! 5!)le would also protect the region's what is paid out in the pen- retire comfortably and with investment advisors newspaper. Unresolved complaints groundwater resources while preservmg some of the sion. dignityâ€" in the face of such charge management fees 7"" be “We“ 10: 0mm he." countryside heritage that should be passed down to He fails to disclose that things as market volatility. distantypicallyloOpercem ff;"$;j,,f3:°'h§gfij§ 5"": future generations . the majority of the pension high management fees and a higher than pension plans ‘ ‘ W l 3‘“ the OMB decided that 1° meet mm M the (70 per cent) is paid from general lack of investment like OMERS. This results In COPYRIGHT region would need more than 1,000 hectares of devel- return on investments So in W fm- lower returns on Invest- The conkgu or this newde I; opable greenfields instead-of the 00 hectares alloted in fact only 15 per cent of the DB plans are more efiec~ merit. leaving the pensioner. mm a; ma&_ the officer] plan. This despite the region developing the pemlon is contributed bythe tive at filling retirement pots the commume and the tax- cm puma; A" “be, rim, m plan in conjuction with the province’s Places to Grow leg- WW?- and are less risky for mem- payer with 155 money. m ”a mid we a my islau‘on. which callsfor moreintensifieation. Defined.benefi( (DB) bet-sum DCschemee Mr. Magreehan. on the hibilcd. To make any use of this Some developers are getting It and more than half of plans an disappearing hum One only needs to look at other hand, would benefit. malt”! if: a?“ “"1332” “f all new development is being constructed in the built-up the private sector and are the Australian experience of He should never have mf‘é'fi‘mfifimmm an?“ or the region The City ofWaterloo has been a bene- . now largely concentrated in a national DC plan. Retirees been put on Waterloo's citi~ tact Bob Vrbanac. Editor, Warm 5013?)! Of rim and has “W the "Emma“ PW"?r the public sector. A growing are ninning out of money by zens' budget task force and Chronicle. 279 Weber SI. N.. Suite of the Cameo that have dotted the local skyline. . sense of retirement anxiety age 70 and contribution Iates been allowed to comrnent on 20, Waterloo. Onllno Nu 3H8. The region has entered into. negotiations With these in the country lends itself to are being hiked to about 20 a pensron plan to which he Is LEITERS POLICY developers to see ‘I a compromise “l". he ladle“: b‘" ‘f feelings of ‘pension envy." per cent to compensate. a direct competitor. Late: to In: «in m curtain II! i‘ can't, “PM ‘0 “1901mm Divmonal CW“ '5 nec- That factor is seized on by DB plans have been We welcome a debate on Irvine's run we. figure. we“ wearytoptoteulocalduzens‘hm . those pushing to replace shown to provide adequate the viability. cost and value writ-lime III-Ilium?” Wecan'tpbaclttoanummlnabkpastifwe want defined.benem plans with pensionsandkeepmoney in of public D'B. plans. but Lm'mmu “it ,3”: topmmotethlsleglonuaoommunltyoflhehiture. defined-contribution (DC) the community. should indIVIduals who published. Nunee will not be «nu.- schemes Retirees spend the vast stand to profit from changes heidWeie-aveiheriglitmneditoon- Pension experts and com~ majority of their pension be involved In the dEClSlOn7 . :6? °' "1°" "Y “ml““a'uf mentators say a move away dollars where they live. A making process? be gum in to $935938; from DB to DC plans would taxpayer contribution of 15 You be the Judge. or by email to cdilorialOwoler- bee mistake, leavingindivid- per cent yields a return for ’“ ”WEB“ °' by "'3' 0' Mi“ ual investors to risk their the community and taxpay- Dean Goodupmidentofthv - acatosWa’rrlsoo C23??? 1279 retirement savings â€" and ers alike. reducing the strain Waterloo Professional meta; ~31 ails we ' I a 00‘ consequently their ability to on Old Age Security and Fire FIghIerxAswckmnn