planning

Tuesday November 3, 2015

By Graeme MacKay, Editorial Cartoonist, The Hamilton Spectator - Tuesday November 3, 2015 Memo to Liberal MPs: If youÕre still waiting for Justin Trudeau to call and offer you a cabinet post, you can stop the wait. ThatÕs because Trudeau has already selected his new cabinet and made his last telephone calls to the lucky incoming ministers several days ago. All of the ministers now know their new portfolio and all have been sworn to the utmost secrecy until Nov. 4 when Trudeau is formally sworn in as prime minister and unveils the full cabinet. And despite all the post-election speculation about how difficult it would be for Trudeau to pick the cabinet from the Òabundance of richesÓ that he was handed when the Liberals won a majority government and 184 seats in the Oct. 19 election, the job turned out to be surprisingly easy. When Trudeau got down to work on the cabinet in the days immediately after the LiberalsÕ victory celebrations, he made his choices based on several key factors, according to Liberal insiders familiar with the selection process. These factors include the size of the cabinet, gender equality, ethnic diversity, regional distribution and a balance of new and veteran MPs, but leaning to young and new versus old and experienced. Some critics have suggested Trudeau is putting gender and regional concerns ahead of talent as the top priority in selecting the ministers. In reality, though, any cabinet, regardless of whether it is Liberal or Conservative, Òis never a pure and simple meritocracy,Ó says a key Trudeau adviser. ÒObviously there are expectations if you are elected, such as every province gets a cabinet minister, and you look at regional balance, gender, and diversity as well as competence.Ó On size, the new cabinet is expected to have 28 members. Trudeau wanted to keep the number below 30 to show he intended to run a leaner, more efficient cabinet team than did Stephen Harper. The last Conservative cabinet had 39 ministers, including 2

By Graeme MacKay, Editorial Cartoonist, The Hamilton Spectator – Tuesday November 3, 2015

How Justin Trudeau picked his new cabinet

Memo to Liberal MPs: If you’re still waiting for Justin Trudeau to call and offer you a cabinet post, you can stop the wait.

That’s because Trudeau has already selected his new cabinet and made his last telephone calls to the lucky incoming ministers several days ago.

All of the ministers now know their new portfolio and all have been sworn to the utmost secrecy until Nov. 4 when Trudeau is formally sworn in as prime minister and unveils the full cabinet.

JustinTrudeau-GalleryAnd despite all the post-election speculation about how difficult it would be for Trudeau to pick the cabinet from the “abundance of riches” that he was handed when the Liberals won a majority government and 184 seats in the Oct. 19 election, the job turned out to be surprisingly easy.

When Trudeau got down to work on the cabinet in the days immediately after the Liberals’ victory celebrations, he made his choices based on several key factors, according to Liberal insiders familiar with the selection process.

These factors include the size of the cabinet, gender equality, ethnic diversity, regional distribution and a balance of new and veteran MPs, but leaning to young and new versus old and experienced.

Some critics have suggested Trudeau is putting gender and regional concerns ahead of talent as the top priority in selecting the ministers.

In reality, though, any cabinet, regardless of whether it is Liberal or Conservative, “is never a pure and simple meritocracy,” says a key Trudeau adviser. “Obviously there are expectations if you are elected, such as every province gets a cabinet minister, and you look at regional balance, gender, and diversity as well as competence.”

On size, the new cabinet is expected to have 28 members. Trudeau wanted to keep the number below 30 to show he intended to run a leaner, more efficient cabinet team than did Stephen Harper. The last Conservative cabinet had 39 ministers, including 26 senior ministers and 12 junior ministers of state for such areas as sports, seniors and multiculturalism.

On gender, the new cabinet will be evenly split, with 14 women and 14 men, including Trudeau. A total of 50 Liberal women were elected on Oct. 19. (Continued: Toronto Star)

Published in the Saskatoon Star-Phoenix, November 4, 2015

Published in the Saskatoon Star-Phoenix, November 4, 2015

 

Tuesday June 15, 2010

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator - Tuesday June 15, 2010 Planning for the Future For the past two years, the federal government and provincial finance ministers have been looking at what to do to help Canadians better prepare for retirement. When the bottom fell out of the stock market in the financial crisis that swept the world in 2008, company pensions and registered retirement savings plans were hit hard. It was feared that some pension plans would not be able to meet their obligations to current and future retirees Ñ and that some retirees would have no pension at all if the companies they worked for went bankrupt. People who had to rely on RRSP savings faced the prospect of having to work several years longer than planned to make up for their losses. While markets have recovered much of what they gave up and many plans that were at risk are solvent again, Canadians are still worried about what their retirements will look like. An Ipsos Reid poll commissioned for the Canadian Institute of Actuaries suggests 42 per cent of Canadians over the age of 45 feel they are not financially prepared to live comfortably after they leave the workforce. Seventy-two per cent said they were concerned about maintaining a reasonable standard of living in retirement. A similar poll done by Ipsos Reid in November 2006 for BMO Financial Group suggested that 70 per cent of Canadians don't feel they're on track with their retirement savings Ñ or don't know if they're on track.Ê(Source: CBC News)Êhttp://www.cbc.ca/news/business/what-s-being-discussed-1.955300 Canada, retirement, CPP, RRSP, consumerism, consumers, planning, savings, advice, Best Buy, electronics

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Tuesday June 15, 2010

Planning for the Future

For the past two years, the federal government and provincial finance ministers have been looking at what to do to help Canadians better prepare for retirement.

When the bottom fell out of the stock market in the financial crisis that swept the world in 2008, company pensions and registered retirement savings plans were hit hard. It was feared that some pension plans would not be able to meet their obligations to current and future retirees — and that some retirees would have no pension at all if the companies they worked for went bankrupt.

People who had to rely on RRSP savings faced the prospect of having to work several years longer than planned to make up for their losses.

While markets have recovered much of what they gave up and many plans that were at risk are solvent again, Canadians are still worried about what their retirements will look like.

An Ipsos Reid poll commissioned for the Canadian Institute of Actuaries suggests 42 per cent of Canadians over the age of 45 feel they are not financially prepared to live comfortably after they leave the workforce.

Seventy-two per cent said they were concerned about maintaining a reasonable standard of living in retirement.

A similar poll done by Ipsos Reid in November 2006 for BMO Financial Group suggested that 70 per cent of Canadians don’t feel they’re on track with their retirement savings — or don’t know if they’re on track. (Source: CBC News)