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Workers not to blame for Quebec pension problem: Don Pittis
(Note: This is a CBC story of some length. Here is the beginning, and the link is posted after for the full story.)
A deal's a deal, right? Well, not when it comes to the province of Quebec and the pensions of its municipal employees.
And if Quebec gets away with cutting municipal worker pensions, which have been eaten away through mismanagement by the very people doing the cutting, then watch this phenomenon spread.
Quebec is pulling a Detroit. About a year ago, I pointed out that the shattered dreams of Detroit pensioners should be a warning to the rest of us. But unlike Detroit, Quebec is trying to snatch back promised pension money by fiat through its proposed Bill 3 pension reform legislation, without the inconvenient legal process of bankruptcy.
(Full Story: http://www.cbc.ca/news/business/workers-not-to-blame-for-quebec-pension-problem-don-pittis-1.2742698)
Launch of the NB Liberal Party Campaign/Lancement de la Campagne du Parti Libéral
For your information, the Liberal Party Campaign will be launched in Fredericton this Saturday August 23 at 5:00 at the Capital Exhibit Centre, 361 Smythe Street. The Hon. Justin Trudeau will be in attendance. This could be an excellent opportunity for members to get some clarity from the Liberals on what their position is regarding the issue of pension changes.
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A titre d ' information, la campagne électorale du Parti Libéral du Nouveau-Brunswick sera lance, ce samedi, le 23 aout, 2014, au Capital Exhibit Center, 361 Smythe, a Fredericton. Justin Trudeau, chef du Parti Liberal du Canada sera aussi présent. Ceci est sans doute une excellente opportunité á rencontrer les candidats de la Region du grand Fredericton et avoir des précisions sur leur position.
Political Announcement/Annonce Politique
Pension Coalition NB has intentionally not promoted one party or another leading up to the provincial election on Sept 22nd as we feel our members need to make up their own mind. However, the topic of Mr. Cardy’s announcement is his plan of rescinding shared risk for existing retirees.
Pension Coalition NB a refusé de prendre position vis-a-vis aucun Parti politique face a l' élection du 22 Septembre, car nous sommes de l'avis, qu'il en revient à nos membres de faire cette décision. Etant donné le sujet de cette annonce - conferénce de presse de Dominic Cardy chef du NPD, nous avons cru vous en faire part. Voir information ci- bas, tel que soumis par le Parti NPD.
All concerned New Brunswick pensioners are invited to attend an announcement by NDP Leader Dominic Cardy on the front lawn of NB Legislature at Saturday August 23, 2014 at 10:00am. Cardy will give further details on the party’s plans to rescind the shared risk for existing retirees. Cardy has already stated that the party believes a contract is a contract is a contract and therefore should be respected. The announcement on Saturday will clarify how this change will be implemented.
Excerpt from an article in Law Times - August 18, 2014
(Note: Link to story at end of post)
Even in New Brunswick, however, it’s not clear where the tale will end. Some 13,000 pensioners are challenging the constitutionality of the New Brunswick pension legislation, particularly the provisions that retroactively eliminate cost-of-living adjustments.
“Pensioners require as much financial certainty as possible as they budget for the end of their lives,” says Koskie Minsky LLP’s Ari Kaplan, lead lawyer for the applicants, in a press release.
Court Date/Date d Audience de la Cour
The Coalition is advised that the hearing of the parties' motions in our application will begin at the JusticeBuilding in Fredericton on September 29, 2014 at 9:30 a.m. The Province's motion will be heard first. Copies of legal documents filed on behalf of the Province:
La Coalition a été avisé que l'audience des parties sur les motions de notre dossier judiciaire, débutera le 29 Septembre 2014, à 9:30 am a L Edifice de la Justice a Fredericton. La Motion de la Province sera entendu en premier. Les copies des documents deposes:
http://www.pensioncoalitionnb.ca/images/aug2014/Affidavit.pdf
http://www.pensioncoalitionnb.ca/images/aug2014/AffidavitofLLW-Glossary_of_Defined_Terms.pdf
http://www.pensioncoalitionnb.ca/images/aug2014/AffidavitofLLW-List_of_Exhibits.pdf
http://www.pensioncoalitionnb.ca/images/aug2014/Notice_of_Motion.pdf
http://www.pensioncoalitionnb.ca/images/aug2014/PNB-Pension-Correspondence_to_Clerk.pdf