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Coalition Urges Retirees To Voice Their Opposition -CHSJ Radio

Hundred of retired provincial workers gathering in Quispamsis to voice their opposition about the government's plan to switch from defined benefits to a shared risk model.

The Provincial Pension Coalition began a month ago and is growing in numbers with 300 people coming out to an information session.

The Coalition's Clifford Kennedy tells CHSJ News it all started at a meeting in a Fredericton. Kennedy says the coalition went from nothing to a great turnout in Fredericton and they want to keep going and hit locations all over the province.

He says under this proposed model a retiree that makes $21,000 a year would lose more than $40,000 over a 25 year period.

The group is encouraging all retirees to write their MLA's to express their opposition and to register on the website.

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