VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 26, 2012) - The Fraser Institute has retracted a study on public-sector pension liabilities published today following the discovery of an error.

A news release on the study, Canada's $254 Billion Iceberg: Public-Sector Pension Liabilities, was issued today via Marketwire.

The study incorrectly stated that Quebec had an unfunded public-sector pension liability of $75 billion.

The Fraser Institute has removed the study from its website and general circulation while all numbers and calculations are rechecked.

The Institute asks all news media outlets to disregard the earlier news release.

The Fraser Institute is an independent Canadian public policy research and educational organization with offices in Vancouver, Calgary, Toronto, and Montreal and ties to a global network of more than 85 think tanks. Its mission is to measure, study, and communicate the impact of competitive markets and government intervention on the welfare of individuals. To protect the Institute's independence, it does not accept grants from governments or contracts for research. Visit www.fraserinstitute.org.