Pension Coalition NB

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.

The Pension Coalition wishes to thank MLA’s Jack Carr (PC New Maryland – Sunbury West), Craig Leonard (PC Fredericton – Lincoln) and Bill Fraser (L Miramichi – Bay du Vin) for attending the entire 3 hour pension information session in Fredericton April 17^th. We appreciate your interest. Also wish to thank other MLAs who were able to attend some of that session (Madeline Dube, Troy Lifford, Danny Soucy).

(Note: this article was published in the Daily Gleaner today)

Pension reform moving forward under protest
Chris Morris - Legislature Bureau 28 Mar 2013

FREDERICTON – The New Brunswick government is pushing ahead with pension reform in the public service despite push-back from retirees who believe the changes threaten their retirement security.

Barbara Shecter, Financial Post

http://business.financialpost.com/2014/02/25/cheaper-de-risking-for-canadian-pensions-to-drive-record-annuity-market-mercer/