Canada's Dodge on a sound pension system

In the speech 'A sound pension system - Handling risk appropriately' given on 10 May David Dodge of the Bank of Canada said widespread reforms are needed to deal with Canada's private pension fund crisis, including the elimination of tax penalties and other rules that discourage employers from building up pension fund surpluses.

"First, we should reduce the disincentives for sponsors to run actuarial surpluses in good times that will offset actuarial deficits in other periods," Dodge told a

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