Pension reform: New Brunswick is a leader
Currently, taxpayers pay $2.50 for every dollar put in by employees. This is neither fair nor appropriate when one considers that an estimated 60 per cent of New Brunswickers have no pension.
I was surprised to see New Brunswick Pension Coalition member Michael MacBride`s recent column asserting that the PSSA pension fund is in “good shape.” This is certainly at odds with the statements made by the pension coalition’s own actuary who was provided with all the information he required and agreed with the province’s assessment that the deficit for the fund is in the billion dollar range. I do not think many New Brunswickers would conclude a billion-dollar deficit on a $5 billion fund would indicate it is in “good shape.”
Last Updated (Tuesday, 14 January 2014 09:52)