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Pension Tension in New Brunswick - Tensions au sujet des régimes de retraite , D.Président, CUPE/SCFP NB

Fredericton – With 6 days left before the provincial election day, frustration remains high among the public sector workers on the shared-risk pension issue.
 
CUPE members in New Brunswick have not forgotten the legislation that converted government workers’ pension plans from a defined benefit plan to a target benefit plan (also known as shared-risk plan).
 
“This was brought in by the former Conservative government under then Finance Minister Blaine Higgs,” said Daniel Légère, CUPE NB president.  “However, Brian Gallant’s Liberals, who had promised action on this file 4 years ago, have not lived up to their commitment to evaluate the need for the conversion of the Public Service Superannuation Act pension plan (the “PSSA”),” added Légère.