Most of
the unions that represent the civil service are now on board with
proposed changes to the public pension plan, according to a release by
the provincial government.
Those changes include the
controversial move to the shared risk model, which it is hoped will
redress the $1 billion deficit for the public service plan.
The
government claims the the pension legislation will make sure retirees
will never see their pensions reduced from their current level and will
continue to get cost of living increases; however, the Pension Coalition
of New Brunswick has protested the changes all along as unjust and
potentially actionable.
Provincial Liberals say they will vote against the legislation introduced by the Alward Government.
Marilyn Quinn of the New Brunswick Nurses Union has said they're confident it's the best solution to provide pension security.