Professional Institute of the Public Service of Canada

Professional Institute of the Public Service of Canada

September 03, 2014 07:00 ET

PIPSC President Discusses "Shared Risk" Pension Concerns with Liberal Leader Gallant at Start of New Brunswick Tour

FREDERICTON, NEW BRUNSWICK--(Marketwired - Sept. 3, 2014) - President Debi Daviau of the Professional Institute of the Public Service of Canada (PIPSC) has spoken with Liberal party leader Brian Gallant to address professional provincial employees' concerns over the shift from "defined benefit" to "shared risk" pensions recently imposed by the Progressive Conservative Alward government. The Professional Institute had earlier written to the leaders of all New Brunswick parties to reiterate its members' concerns.

"We had an open and respectful discussion about the conversion of the pension plan and the way that changes were imposed on our members," Daviau said. "Forcing a new system on current employees and retirees without giving all parties an opportunity to negotiate is, in our opinion, neither fair, nor reasonable, nor responsible government."

Those NB professional provincial employees who are members of PIPSC will be disproportionately hit by the changes, losing up to 18% of the retirement income to which they would otherwise be entitled.

"This is an issue of vital concern to all our members, federal and provincial," added Daviau. "The Alward government's pension changes have set a bad example for similar assaults on private pension plans now being contemplated by the federal Conservative government. It is extremely important that standards for both fair pensions and fair bargaining be maintained."

Daviau is in New Brunswick meeting with PIPSC members this week, including today in Fredericton and tomorrow in Moncton.

The Professional Institute of the Public Service of Canada represents some 55,000 professionals and scientists across Canada's public sector, including some 1,300 provincial and federal employees in New Brunswick.

Contact Information

  • Peter Bleyer
    (613) 292-6929