Wednesday, March 14, 2012

Lawyer Scoffed At Saint John City Manager

Saint John City Manager Pat Woods maintains criticism voiced about the city's pension plan by former Common Councillor John Ferguson implied something was amiss on the Pension Board.


Ferguson's lawyer, Rod Gillis scoffed when Woods told the court the Pension Board knew what it's doing saying how can that be, considering the city's pension plan is running a deficit of 191 million dollars.
 
Woods also testified benefits have not been reduced but worker contributions into the pension plan have increased.
 
Ferguson also was concerned senior staff who receive city pensions would not recommend cutting benefits. Woods concedes the concern is legitimate but unfair.
 
Ferguson is currently the Town Manager of St. Stephen.