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Wednesday, March 16, 2011

Proposed M-L-A Pension Plan Changes Slammed

Proposed changes to how much money M-L-A's will receive in their pensions don't hit the mark according to the Canadian Taxpayers Federation.

Its Atlantic Director Kevin Lacey tells CHSJ News the pensions for the M-L-A's are not funded the way pension plans are for other retirees and, even with the changes, will wind up costing taxpayers millions of dollars each year which is money that could be spent on health and education.

Lacey says the Taxpayers Federation would like the M-L-A's pension plan to be changed from defined benefits to a matching RRSP set up.