The federal and provincial governments have been underfunding universities for decades. Recently, universities were able to start recruiting foreign students to make up for the shortfall, but it looks like that money tap will be turned down. It doesn’t look like there’s a plan to make up for it.
At the same time, the feds want to
recruit more than 1,000 top international researchers to Canada, with the budget injecting up to $1.7-billion into a suite of recruitment measures.
That’ll be tough if universities see their income crater.
No public institutions in Canada pay the pensions of people employed there. The pension funds are user contributed and the mandatory contributions allow no RESP savings.
Many departments between education and research have budgets exceeding $100M/yr…you want to put that in the hands of anyone making under $250K? Good luck.
Back to the National Post comment section with you.
I don’t want secretaries, alumni officers, event planners, making $130k, and being able to comfortably retire at 55 on a defined benefit plan, no.
Plenty of MBAs in this country that manage budgets larger than that, make less than half that with no pension.
Sounds like you’re the only one that reads that paper between the two of us