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RCMP pension fund shakedown: Oh, Canada ...

Earlier this year, officers and staff of the Royal Canadian Mounted Police informed government officials of a pattern of abuse surrounding allegations and the exposure of irregularities in the administration of RCMP pension and insurance funds. Since that time, CBC News has revealed that unrelenting pressure by rank-and-file RCMP employees has caused further investigation into the matter, which has resulted in the creation of a report by David Brown, the former head of the Ontario Securities Commission.

Mr. Brown's report is said to reveal that the lower-ranking force members who complained about problems "were treated very unfairly," and that officers who complained about perceived problems with administration of the funds "faced career damage." Brown's report is clear in it's suggestion that a task force be immediately put to work righting the administrative direction of the RCMP, and Brown further hints that the administration of a $3 billion financial fund structure might be beyond the capabilities of the current administration's talent.

Administrating $3 billion in pension and insurance funds ain't just buying horse chow, ya know?

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Last updated: February 13, 2012: 10:56 AM

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