Pension Coalition NB

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

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.

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.

Premier Brian Gallant
P.O. Box 6000
Fredericton NB  E3B 5H1

Dear Premier Gallant:
 
As you know, I wrote to you on April 30, 2015 requesting a meeting with you to advance the resolution of the shared risk litigation file. In my letter I requested an early meeting in light of the impending May 14th deadline on our ligation file. To date no meeting date has yet been set.