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.