N LAST NOVEMBER'S COLUMN, I CLAIMED THAT THERE was no need to worry about the unfunded actuarial liability of the Canada and Quebec pension plans. Not a wise idea, judging by the number of readers who pounced on me in the weeks that followed for saying such seemingly irresponsible things. I can only say that the dissenters have failed to convince me.
What's more, I refuse to back down. Like the song says, "Don't worry, be happy!" and let the governments of 2010 and 2020 work things out. The fact is that if contributions and benefits are maintained at current levels, the funds may run dry by the year 2010. I recommend a minor adjustment to contributions which will push back the …
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