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Monday, April 22, 2013

Provincial Government Retirees Threaten Legal Action

Provincial government retirees are talking about going to court if the Alward Government tries to unilaterally impose the shared risk pension plan. 

They appear to be universally opposed despite the best efforts of provincial Finance Minister Blaine Higgs to change their minds about the effect this would have on their pensions. 

Higgs maintains if the shared risk model had been in place for the past twenty years, the indexing of their pensions would not have changed.
 

He also points out provincial taxpayers have had to make special contributions to the provincial pension plan of over 50 million dollars a year.