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CALL TO HAVE AG SCRUTINIZE SHARED-RISK PENSION MODEL REJECTED
CHRIS MORRIS Telegraph Journal LEGISLATURE BUREAU 14 JUN 2013
FREDERICTON – The New Brunswick government is rejecting a call to send its shared-risk model for public sector pensions to the auditor general for independent review.
During question period in the legislature on Thursday, Opposition Liberals asked Finance Minister Blaine Higgs whether he would involve the provincial auditor in examining the new pension model, which is strongly opposed by many retired public servants.
Update on the Review of the Teachers' Pension Plan
In April 2013, the NBTF Board of Directors approved an action plan to provide staff at NBTF, AEFNB and NBTA with a framework from which to address issues related to the review of the Teachers' Pension Plan. This framework established some basic principles and some initial actions to be undertaken.
MOVE IN RIGHT DIRECTION ? Geste dans la bonne direction ?
(Version français suivra - Communiqué de Presse / Press Release June 18, 2013)
The Pension Coalition NB says it is encouraged by the Alward Government not introducing amending legislation that would affect pensioners benefits under the PSSA in this session of the Legislature.
“We feel somewhat positive about our initial discussions with the Finance Minister and hope the government will take seriously its promise to better communicate with retirees,” said Coalition Co-Chair Bonny Hoyt-Hallett.
Ce ne sont pas seulement les cadres supérieurs à la retraite qui s’opposent aux réformes du régime de retraite. - Ernest Mackinnon
Votre journal a débuté l’éditorial de samedi en s’en prenant aux cadres supérieurs retraités de la fonction publique provinciale. Il suggère que la résistance aux réformes proposées vient seulement de ce petit groupe. L’éditorial questionne comment ils peuvent être aussi aveugles aux besoins de réformes fiscales de ce genre. Puisque le Telegraph Journal n’a pas eu l’opportunité de prendre connaissance de qui exactement est derrière les efforts pour changer la trajectoire des réformes du régime de retraite et leurs motivations, nous aimerions vous expliquer.
Letter to Brian MacDonald, MLA from Mike Flood, retiree
Dear Sir:
Re: PSSA changes
I read with some apprehension the changes to the Plan intended by the government, particularly the shift in responsibility for variances in investment market returns. It seems that whereas PSSA contributors had been assured during their working years that their contributions would be secured as deferred salary intact by government so as to provide a steady retirement income, the new changes have been introduced to members under the banner of “Shared Risk”.