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Tuesday, October 26, 2010

Proposed Changes To City Pension Plan To Be Presented Next Month















(City Manager Pat Woods)
        (File Photo)

City Manager Pat Woods is planning to make recommendations on changing the city's financially beleaguered pension plan at the next meeting of Common Council on November 8th.

Woods presented what he calls a comprehensive reform proposal to the employee groups last week and is expecting a response from them this week. He has also been in touch with the Superintendent of Pensions for the province asking for regulatory relief.

Deputy Mayor Stephen Chase wants to know how much the pension board's legal action against former Common Councillor John Ferguson for defamation has cost so far.
 
The pension board has been given that information but it has not been passed on to Council. Ferguson is now the city manager for the town of St. Stephen.