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Waterloo Chronicle (Waterloo, On1868), 30 Jan 2013, p. 8

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a-wumooamm-Mmmumrynzoia " 279 Webs St N, State in Watch), MK) N2) BBS . 519438!»me 519330915! it.“ WWW]: a Peter W lNKl LR ' Pl BLISHizk ' H - toi'itiktAi E l l am \ RBANAt‘ THAT 5 i DITOR an 229 cdllllflal@Wulct|ll):hrunkic (a COOL sponsm waterlouchnmuk‘ a . .. l , a . Jordan their re. ' ' ' Q. REHRTER cu zifl if . . percilGuritcrkvtxhri-nicle on a" d » Limes JACKSON "' . ' , RtmlrrER ext. 203 “atkuinul‘uaterltxxhnmiele ca . .~ . ADVERTISING . a“ _ Ted ANDERSON ext. 230 REGIONAL AD MANAGER m 1- umdemmtiwatedmichmnicle ca 3 SALES REPRESENTATIVE ’ . Michelle STEVENS ext. 23: a: .- mflevcnSG waterioochnxiicle ca “we" - SALES REPRESENTATIVE I Bill BOSHAR’r ext. 223 t hbushart fir‘atsrltntichniniik ca g . ‘ CLASSlHED "‘ ‘ 519-395-5230 ClRCULATION , . 519~880-2830ext 21.1 r- . .- , , Canadian Publications Mm] Sales . ' ‘ ‘ v . _. ‘ . mywmmm f r f in >\ it i l s s h f f w s The have-hots supporting the haves . [mutational Standard Sena] Numr . here's been a lot gnaw ' in this case, the “haw 3 herASSNszz-wp Tangled in file WEI) I of“gold-plated" pen- now” are funding ”it“ ; Audited Circulation. 31.292 th Ci fWa l . th sions for public sector "ham”. 2 A pparenfly e W 0 ter °°_W35m . OTOUSNY em Io es. Let's run some OMERS was established 4 _ P Ye W impressed enough by the City of Kitcheners numbers and you can be in 1962. before the Beatles ward-winning website design. so they more than the "u d invaded America Back then i m & doubled what they paid to a local tech company to do Aftergeail it's ur tax dol- lFK was facing the Cold Wan ‘ A I a. I them one WWW lars hard atworlonou as the Martin Luther King Jr. was W “New” (Smurf-F is blished The fact that it was the same company that Kitchen- “em lo er .. are fuhdin leading the civil rights mow? 1 each Wednesday by Mfiroland er us?d' and mom of the bones and hardware for the (hesl; pingions you havg ment and it would be years ‘ Media group in. website are the same, escaped theirnotice it must have skin in the ' before man walked Oh the o 0 NC also escaped city staffers and city councils notice that First of “a" “OethRS states - moon. 11:er PRESS C20 'L the Region ofWaterloo got six redesigned websites for ' m CPP had ,, be moi-mic ism-ember . thattheaveragesalaryforan e notyct on arm Ontario Puss Council. which“ almost the same price “WWW“ one at 5351000." OMERS member is $38 000. MIR E introduced and the average considers complaints against-merit» So why the big difference? Apparently Waterloo is the At an average 10 per gen t life tancy was 72 “a“ ber ncwpwers- Any cowl-m! technology capital of the world and the city had to have ension contribution each MAGREEHAN Babeyd‘pbeocomers we“; 11“ I 5 Emilmfii‘k'dfifisflgu: a webSi'e that matched that lofty. self-imposed fiue' pear that is $3 800 con- per year But if the retiree entering the workforce. A lot A ’ it means you can stand at the end of your driveway. y‘ ' ’ . i ‘ - 5 newspaper Unresolved complaints - . . tnbuted to the pension plan [was 25 years in retirement, has changed. c" be bmug'" m: 0mm m“ and through the new CPS software enabled by the my by the em layer; Over a 25- that is a total pension Today baby boomers are 5 Council. 2 Carllon Street. Suite website. you can know exactly when your garbage is panned em I _ income of $700 000 (i e 25 retiring ’and living longer 1706‘Tmm‘0N"M58 1” slated for PiCkUP- NO one apparently 35k“ the person gentrib'ution is ”5ng yearsofszawollyear) ‘ ~ This is good news. but ’ CopleGHT engaged in this dynamic city function if they couldn't (i . an . ‘ ) Com ‘ this mar 60 _ today's investment markets ,‘ The contents or this WW! are just look around the neighbourhood to see if their memyplsamoyers’ l(mie you old privapmteecitiun rags?“ are . uncertain ,' wound to h and be ' ~ ~ trash . . , highly . ~ . used orilv rém'mem. “$0115 were putting out-their . ' . the taxpayer) “match" these today. They'd need $550,000 These factors pose Signifi- ~ . about overengineenng a Simple solution. How . . . , , cu] purposes. All other rights are about usi ur own e s d u wn be t . d contributions to OMERS, invested in an annuity to cant risks to taxpayers who $51”? $21??? “2° i; is.“ mom? ng yo ye an yo r 0 S 1" ge~ overdue same 25-year mreer, provide the same level of fund public sector definedâ€" I C . O I I us 0 IS - . . . marten-i you must first obtain the Coun. Angela Vieth thinks this a cool application. ifififimffifififi gigfizteed retirement be?§;23yfifgh%fi"§ not be ‘ ht firm nr Mitten”- Others out might”?! . It's garbage. public sector em loyee. But Nowtheseareaveragea it on the hook â€" and make no i fi boo Vflnn-Z.lmio::¢v:mcr0|§o So how much extra d'd the City of Waterloo have to note. this 395 ($00 is paid is not uncommon for a pub- mistake. taxpayers are on the i Chm-tide 279 Wei,“ 5. N” Sn", pay for this killer application. Well. counCil had to t l someone else's pen- licsectorempi to I hook. To ad I plan short» 5 zo‘w ‘ 0 NE 3H8 gfiglrggnm sfiflsmmfzm‘eegmjea m 2012' and the sion â€" not yours. in other a pension of $50,000 to falls. taxpayer contributions 7 Liz-”BIS Poucv _ - When eSolutionsGroup was asked if the city had a words. the‘taxpayer is gener- $60,000. and sometimes far to 0MER§ have more than better: In the can must contain the C1 oust funding various pubhc more. doubled since 2005. “m“ m" “M “Wm' “an“ budget. they told the nicle they hadn‘t seen one. sector pension lam Mean- To receive a guaranteed The economy remains and telephone numner. Addresses and Apparently setting a budget and sticking to it is while the a p C l' nsion “550000 r at f 1c and uncertain am-Jmmmmfiiimzfi another function thecity‘s new it can't perform. in meprivate sectordoes not gem would need $2 five is it fair that taitpaycrs Publilbed- “mart-3" We: Wh- share the some type of guar- “£00,000 to provide this fluid a pension plan that was i raw: mm?“ Qflu‘fmusn“; anteed pension plan. This is level of guaranteed retire- designed back when Mick $023 when new, my not the fault of the private merit income. This far out- laggerwasa teenager? he nbrmtxed by in lo 5194369333 sector, but has become the weighs what the average You bethejudge. or by email to editorianwnier- mautyofourm mm is mm of sock. no '°‘"""""‘""°‘ °’ by m‘" “' “h“ Secondly OMERS states trig away during their work- Mike Magmehan it the cred to Waterloo Chronicle. 279 ' v , _ , ~ Weber si. N , Suite 20. Waterloo. that the average retiree mg years to fund their own formerduarrofWaterloos 0mm, Nzi Jim. receives a pension of $28.11!) retirement plan. ctrizem’budgei taskfom’ i ’ |

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