Jonny5
Senior Member
Oh the 90's was a difficult time. That was back when they still had those archaic 20% foreign content maximum rules. I think now most very large pensions well over 50% foreign, and some can approach 80%.When I was still working I was, for a time, a local rep for our public sector bargaining unit. At an AGM in the early '90s, the Board was droning through the financials (which most people nod off to) when some of the members noticed that the pension return was less than stellar. A quick bit of research showed it had be lacklustre for a couple of years. The solution was to invite senior pension board people to the next AGM. Whether it had a direct connection, who knows, but the returns have been among the top performers ever since. Maybe they're enough of financial nerds to be energized by group that is interested in what they do. They said no other group that they manage does this. It is now an annual event. They get out of the office, get fed and the delegates get swag!
I receive a good pension, but it's not a gift. I paid, and currently serving members pay, around 10%/per pay to feed the fund.
Last edited:




