CANADA: Civil service pensions too rich to sustain

"But it is how the Greek government initially tried to bridge the gap between its revenues and expenditures that set off the riots in the first place: It wanted to scale back public pensions, among other cost-saving measures. Enraged public servants took to the streets and then took to smashing shop windows and setting cars on fire.

Canada could be headed in the same direction, if a new report from the C.D. Howe Institute is correct. Canadian civil service pensions are simply too rich to be sustainable over the long-haul, but Ottawa is making no effort to scale back the retirement promises it is making to federal workers."