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Pension Power : Unions, Pension Funds, and Social Investment in Canada / Isla Carmichael.

By: Material type: TextTextPublisher: Toronto : University of Toronto Press, [2005]Copyright date: ©2005Description: 1 online resource (225 p.)Content type:
Media type:
Carrier type:
ISBN:
  • 9780802036476
  • 9781442678347
Subject(s): DDC classification:
  • 332.67/254/0971 22
LOC classification:
  • HD7105.45.C3 C35 1998eb
Other classification:
  • online - DeGruyter
Online resources: Summary: Canadian pension fund assets are second in size only to the combined financial assets of the major banks and have become a critical source of capital for national and international markets. Given their tax-exempt status, pension funds can provide the long-term capital needed to build a new economy based on real productivity. The funds are controlled by an intricate web of financial and legal standards but, as deferred wages, are largely beyond the control of workers or their unions.In Pension Power, Isla Carmichael argues that unions could ? and should ? have a new role to play in the economy by gaining control over their members? pension funds. She demonstrates how the financial industry?s access to the capital goes against the interests of working people, and she provides convincing evidence that union management of pensions would better protect benefits and offer support in building infrastructure in communities and protecting the environment. This is a work of singular commitment to a fundamental shift in the structure of managing one of Canada?s largest pools of capital.
Holdings
Item type Current library Call number URL Status Notes Barcode
eBook eBook Biblioteca "Angelicum" Pont. Univ. S.Tommaso d'Aquino Nuvola online online - DeGruyter (Browse shelf(Opens below)) Online access Not for loan (Accesso limitato) Accesso per gli utenti autorizzati / Access for authorized users (dgr)9781442678347

restricted access online access with authorization star

http://purl.org/coar/access_right/c_16ec

Canadian pension fund assets are second in size only to the combined financial assets of the major banks and have become a critical source of capital for national and international markets. Given their tax-exempt status, pension funds can provide the long-term capital needed to build a new economy based on real productivity. The funds are controlled by an intricate web of financial and legal standards but, as deferred wages, are largely beyond the control of workers or their unions.In Pension Power, Isla Carmichael argues that unions could ? and should ? have a new role to play in the economy by gaining control over their members? pension funds. She demonstrates how the financial industry?s access to the capital goes against the interests of working people, and she provides convincing evidence that union management of pensions would better protect benefits and offer support in building infrastructure in communities and protecting the environment. This is a work of singular commitment to a fundamental shift in the structure of managing one of Canada?s largest pools of capital.

Mode of access: Internet via World Wide Web.

In English.

Description based on online resource; title from PDF title page (publisher's Web site, viewed 01. Nov 2023)