Canada pensions in crisis. A Globe and Mail article

An article in Canada's Globe and Mail by Jacquie McNish published on Friday, Oct. 16, 2009 11:00PM EDT, explores the extent to which Canada's poorly managed and governed pension schemes have impacted the lives of pensioners and future retirees. As more companies fall into bankruptcy, thousands of retirees are seeing their pensions fall into peril. The apparent lack of concern by the Provincial and Federal governments is jeopardizing many as they face huge cuts in benefits and income as a result.

The article can be found at:

http://www.theglobeandmail.com/report-on-business/retirement/retirement-dreams-under-siege/article1327536/

And a telling video from the article, highlighting the impact on one Nortel retiree's life can be seen at:

http://www.theglobeandmail.com/report-on-business/retirement/retirement-lost-john-mlacak-73/article1324809/