President and CEO Catherine Swift tells CHSJ News with the city suspending indexing and removing overtime pay from pensionable earning, along with the province taking a closer look at public sector pensions, things are moving in the right direction.
She says generous pensions, the sheer number of baby-boomers and early retirement options have all come together make pension plans simply unaffordable.
She adds it's not a question fairness but a matter of affordability.
