Contributions still being accepted. Thank You!
The MINIMUM impact of new Shared Risk Model - Important!
(Translated version to come soon ...)
For a pensioner receiving $21,000 it will mean losing $41,286 over a 25 year retirement period. This is based on what the government is telling us on their website and using a 2% cost of living index. If inflation is higher than 2% we will lose more. And our risk is even higher if we do not receive any cost of living and/or our base pension is decreased.
Key Messages
Here are key messages and additional information for you to use when meeting or writing your MLA regarding the proposed "Shared Risk" pension model. Please pass this information on to fellow pensioners and refer them to our website.
Trust
- Trust is earned and right now pensioners have a very low level of trust with this government.
- We worked hard and served the people of New Brunswick.
- Now government is going to walk away from its long-standing commitment to us.
- We didn't have a choice. We had to join the pension plan but we didn't mind. We knew our money was going into a fund that we were told by our employer, the government, would be managed well and be there for us when we retired. Our pensions are really deferred earnings.
- The only way for government to restore our faith is to honour our present pension contract and abandon this mean-spirited attack on its former employees.
To Make a Financial Contribution ...
We have received several requests/questions on how to make a donation or contribution in support of the Coalition.
We can accept personal cheques and/or Postal Money Orders at the following address. To save on cost, please consider your cancelled cheque your receipt. We also encourage you to use the PayPal option to the right of the website ... it is easy and safe and documented.
PENSION COALITION NB
P O BOX 3021
FREDERICTON NB E3A 5G8
1-855-455-7892
A big THANK YOU in advance for the support.
PENSION REFORM - William G. Preston
New Brunswick’s proposed public-service pension reform strategy has been given the name “Shared Risk.” This is an absolute misnomer; “Increased Risk” is the true description of the Alward government’s proposal.
There is as much security in playing catch-up with their proposed increased annual returns as there is in my investing in a lottery ticket.
A deal is a deal is a deal ... or is it? Commentary - R. Blaquiere
By Richard Blaquiere, Through These Eyes 15 Apr 2013 01:40PM
(Note: This piece appeared in the Woodstock Bugle newspaper)
I’m no good with numbers and graphs and the like. If there is such a thing as numerophobia (and apparently there is), I’d be the poster boy for awareness campaigns.
Lately, however, I have been receiving emails about plans by the Alward government to tamper with my pension benefits and there is nothing better for easing the discomfort of our phobias than to confront them head-on; thus began my self-directed pension plan tutorial and, frankly, I am concerned. (Click Here for full Commentary)