Thursday, July 4, 2013

Provincial Pension Plan To Undergo Independent Review

An actuary with more than 30 years experience has been chosen to take an independent look at the provincial pension plan. 

The provincial finance department is picking up the tab. The decision to do this coming about during discussions between the Alward Government and the Pension Coalition.

Clifford Kennedy of the Pension Coalition tells Tide News the retirees want to know if their plan is in such bad shape as the province claims.
 

The retirees have been skeptical about those claims and the need for the plan to be converted to a shared risk model although they don;t object to it happening on a go forward basis with current retirees exempt.

The review will take a few months to complete.