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Summary of remarks - Murray Gold, senior partner, Koskie Minsky
Please find below a summary of remarks given by Murray Gold, senior partner at Koskie Minsky, at a recent meeting of the National Association of Federal Retirees this past June.
Mr. Gold highlights the seriousness of the actions of the New Brunswick Government on provincial retirees. It's shameful for our New Brunswick governments to be singled out this way and to think that this is true leadership. Most other jurisdictions have proceeded with changes but on a true go forward basis. Even a Cabinet minister in the Harper Government recognizes accrued benefits and contract law.
A letter to MLA Stephen Horsman from Gary McKinley
Hello Stephen,
I am reaching out to you to honor commitments made by the Provincial Liberal Party to engage in meaningful discussion that will permanently restore the accrued benefits earned by Pensioners like myself under the previous PSSA legislation.
News Flash/Info Flash
Please find attached two recent USA court decisions that clearly points to the fact that pensioners have accrued benefits which are recognized in law by the highest instances of the Courts - the Supreme Court.
Hopefully the Gallant Government will recognize that vested rights are also protected here in Canada and will want to avoid unnecessary costly legal challenges on changes brought about by the former government.
Illinois Supreme Court Rules Pension Cuts Unconstitutional
http://www.oregonlive.com/politics/index.ssf/2015/04/oregon_supreme_court_overturns.html
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Veuillez prendre note de deux récentes décisions qui reconnaissent clairement que les personnes retraitées ont des prestations accumulées qui sont reconnues et protégées par les plus hautes instances de la loi- la Cour suprême des États-Unis.
Nous espérons que le gouvernement Gallant reconnaîtra que les droits acquis sont également protégés au Canada et voudra reconsidérer le besoin de poursuites légales coûteuses, pour des changements apportés par le gouvernement précédent.
Illinois Supreme Court Rules Pension Cuts Unconstitutional
http://www.oregonlive.com/politics/index.ssf/2015/04/oregon_supreme_court_overturns.html
Le gestionnaire de placements du secteur public produit de forts rendements pour 2014-2015
Prière de trouver ci- joint, le communiqué de presse de la Société d' Investissement du Nouveau- Brunswick faisant état des taux de rendement de divers régimes de pension. Nous annexons aussi un interview avec Clifford Kennedy sur le meme sujet. ( english.cbc interview).
22 juin 2015
FREDERICTON (GNB) – La Société de gestion des placements du Nouveau-Brunswick a annoncé qu’elle a réalisé, pour l'exercice terminé le 31 mars 2015, un rendement d’un taux nominal brut de 14,18 pour cent de l’actif total géré.
Most Recent Update - series of letters for your attention
The Steering Committee is meeting next week to discuss next steps. We will be back to you within the next 2 weeks.
Following is a series of emails from Premier Gallant and Bonny Hoyt-Hallett
Email received from Premier Gallant dated May 11, 2015
Dear Bonny:
Thank you for the correspondence on behalf of the NB Pension Coalition. It is our understanding that the Coalition leadership may have been hoping for more in the pension enhancements proposed by Cabinet. It is our hope, however, that Coalition members will recognize that the proposal does represent improvements in the two specific areas of concern identified by the NB Pension Coalition; namely, the protection of base benefits and enhanced protection for indexing.