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Friday, October 5, 2012

Confusion Over What Authority Common Council Has To Change City's Pension Plan

Common Councillor Donnie Snook wants clarification on how much authority the city to make changes to its pension plan with the province repealing the city of Saint John Pension Act.

He's confused after being told the city dosesn't have the authority to dismiss the Pension Board.

Mayor Mel Norton says they were talking about that one narrow issue and more legislative steps would have to be taken to get rid of the Pension Board which was created by provincial legislation.

He also points out there's the agreement to hold off doing anything until the Task Force on the Shared Risk model reports to Council.

When that will be done is uncertain but the Mayor expects it will be soon and he argues the city has control over what the future holds for its pension plan.