Municipal Employee Pension Plans in Canada: An Overview

Bob Baldwin
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Bob Baldwin: University of Toronto

No 23, IMFG Papers from University of Toronto, Institute on Municipal Finance and Governance

Abstract: This paper provides an overview of municipal employee pension plans in Canada by drawing on Statistics Canada data, municipal employee pension plan publications, and municipalities’ financial statements. It provides information on the organizational structure, governance, and administration of plans; the benefits they provide; contributions to the plans; their funded status; and their impact on municipal finances. Although largely descriptive, the findings suggest that while municipal employee pension plans’ financial situation is satisfactory overall, these plans involve significant financial risks and in some cases have experienced financial difficulties that have caused problems for municipal finances. The paper also identifies a number of data limitations that can be overcome through coordinated action by municipalities and their pension plans.

Keywords: municipal employee pensions; municipal finance; public employee pensions; Canadian pension data (search for similar items in EconPapers)
JEL-codes: H75 J26 J32 (search for similar items in EconPapers)
Pages: 70 pages
Date: 2015-12
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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https://tspace.library.utoronto.ca/bitstream/1807/ ... ldwin_dec_2_2015.pdf First version, 2015 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:mfg:wpaper:23

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