Professional Institute of the Public Service of Canada

Professional Institute of the Public Service of Canada

December 05, 2013 09:58 ET

The New Brunswick Government's Adoption of a Shared Risk Plan Is Undemocratic and Unfair to Pensioners

OTTAWA, ONTARIO--(Marketwired - Dec. 5, 2013) - The Professional Institute of the Public Service of Canada (PIPSC) deplores the repeal of New Brunswick's Public Service Superannuation Act (PSSA) and the introduction of a so-called Shared Risk Plan to oversee the pensions of provincial public servants.

"This is bad news for our members, for the people of New Brunswick, and for all Canadians" said PIPSC President Gary Corbett. "It is an unfair piece of legislation that fails to guarantee the retirement security of past, present and future public service employees. It also opens the door for other jurisdictions to follow the lead of the New Brunswick government in scaling back retirement benefits for their citizens. There's no excuse for valuing money over people".

While PIPSC had attended several meetings with the provincial Task Force mandated to review the provincial public sector pension plan, it refused to sign a Memorandum of Understanding supporting the introduction of a Shared Risk Plan. "The government has ignored the grave concerns expressed by the provincial Opposition and by key stakeholders such as Pension Coalition New Brunswick, which represents thousands of retired public servants. It ignored input from labour unions and used its majority in the Legislative Assembly to push through a flawed piece of legislation. This is completely undemocratic and it's a decision that will come back to haunt the government," concluded Corbett.

The Institute is currently reviewing its options in order to defend the rights of its members.

The Professional Institute of the Public Service of Canada represents some 55,000 professionals and scientists across Canada's public sector, including more than 400 provincial employees who proudly serve the citizens of New Brunswick as Crown Prosecutors, Crown Attorneys, Engineers, Land Surveyors, Architects, Veterinarians, Agrologists and Agronomists.

Contact Information

  • Pierre Villon
    (613) 228-6310 ext. 2228
    (613) 794-9369 (cell.)