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Great letter to Premier Alward from Norman Laverty (Check the details)
Honourable David Alward
Premier
Government of New Brunswick
April 9, 2013
Mr. Premier:
I am writing you as a friend of the New Brunswick government, legislature and people, and as a former Superintendent of Pensions for New Brunswick. The overall task of governing is to bring coherence to the society. This is true for all political philosophies.
Partout à travers le Nouveau-Brunswick, les retraités disent “non” au plan Alward
(Communiqué de presse par la Coalition 8 avril)
Même dans la cirsonscription du premier ministre Alward, les retraités se regroupent afin de s’opposer aux coupures à leurs pensions.
Pension Coalition NB a tenu des sessions d’information à Edmundston et Woodstock la semaine dernière. Au total, 400 retraités de ces régions sont venus s’informer des changements proposés à leurs pensions. Ceci en plus des quelques 750 nouveaux membres qui se sont inscrits avec la Coalition la semaine dernière suite aux réunions à Saint John et Moncton.
Sue Rowland on the Lang O'Leary Exchange explains Shared Risk Pension Model
Last March 27 the Lang O'Leary show on CBC Television interviewed Susan Rowland on the Shared Risk Pension Model. The link takes you to the CBC website and that specific program. Ms. Rowland's segment appears at the 36 minute mark (just click the time line to go directly the interview).
Here is the link:
http://www.cbc.ca/player/News/Business/Lang+%26+O%27Leary+Exchange/ID/2363534541/?page=2
In the interview, Mr. O'Leary asks, "... are you changing the underlying assumptions of the contract you made (for contracts signed decades ago)?" Ms. Rowland replies, "Yes you do ... but what you are selling (for lack of a better term) is safety."
NB proposed "Shared Risk" actually the opposite of Dutch Model
(Note: The Coalition receives comments and concerns from retirees around the province. On occasion we may publish these on the website for others to see and share.)
Dear Clifford (Kennedy):
I do think it is important to actually understand what the "Dutch Model" is and to understand that what we are doing with "shared risk" is the exact opposite of what the Dutch are doing.
The Dutch are actually concerned about people and their ability to retire with enough money to support themselves during their golden years. They commenced long ago making preparations for this. I'm pretty sure the Dutch actually compel employers and employees to be members of a retirement plan.
The MINIMUM impact of new Shared Risk Model - Important!
(Translated version to come soon ...)
For a pensioner receiving $21,000 it will mean losing $41,286 over a 25 year retirement period. This is based on what the government is telling us on their website and using a 2% cost of living index. If inflation is higher than 2% we will lose more. And our risk is even higher if we do not receive any cost of living and/or our base pension is decreased.