Contributions still being accepted. Thank You!
Not lining up to thank Ms. Rowland
LETTERS TO THE EDITOR
Telegraph and Journal 04/01/2013, Page A06
How very strange that, according to Susan Rowland, "The vast majority of pensioners are just fine with the changes we are proposing."Really? And, "When I address groups of retirees, they come up after and thank me."(Retired pensioners fight reform,"March 23.) Really?
Do they say,"Thanks for cutting my pension. I just love that!"?
History of Trust Fund #4 (PSSA) And Trust Fund #7 (TPA)
These two Trust Funds contained in the Public Accounts of the Province are actually Pension Trust Funds. They are the Funds where both employee and employer pension contributions are made too where they are invested by the NBIMC.
Retirees and the proposed changes to the PSSA Plan
(note: translations will be posted as they become available)
To be accurate, what will be taking place is a repeal of the PSSA and the introduction of a Shared Risk Pension Plan (SRPP) covering employees and pensioners outside of New Brunswick Legislation.
Our ad hoc committee has worked to understand this (possible) transition, and have determined:
- This will, in effect, remove the Province as the guarantor and as the Governor.
- The new governor will be an arm’s length Board of Governors, a sole Governor or a non-profit corporation.
- The promised benefits will no longer have a “guarantee.”
Blessings – Judy Ross
(Testimonial)
I thank those who have worked/continue to work diligently for the cause of retired teachers and other retirees who have upheld their obligations while working for 35+ years. Thank you. Much appreciated…..Blessings – Judy Ross
Government urged to drop pension reform plans - T. Easterbrook
Unilateral action
Former employees say they were not consulted about changes to their pensions
By TONY EASTERBROOK Commentary
I'm retired and in receipt of a Public Service Superannuation Plan (PSSA) pension, towards which I had made regular and mandatory contributions throughout my working years.
The New Brunswick government is resolved to break that pension contract, despite its legislated mandate as trustee and guarantor to administer it in the best interests of its beneficiaries, as opposed to superseding that obligation with, in my opinion a short-sighted, and poorly-planned agenda.