The highlight of the agreement on pensions is a commitment to establish joint trusteeship of the Public Service Pension Plan.
Pensions and Retirement Security
PEI deputy ministers will no longer receive benefits for two pension years for every one year of work, but government wants to increase base pay by $50,000.
"The real story is that government has reduced the benefits of over 13,000 pension holders by up to 29 per cent and is saving half a billion dollars. It’s not fair or accurate to then blame the current deficit solely on the public pension.” — Debbie Bovyer, PEIUPSE President.
Proposed Robin Hood Tax rate is very low but would raise between $10 and $12 billion per year for Illinois.
Imposed pension changes miss the mark, says HSAA/NUPGE.
Workers in Alberta continues to organize against unjust pension attacks. Join the rally to show your support for pensions!
"The average public sector pension is about $1,200 a month — hardly lavish. It is paid for by workers. The pension is in return for them turning down higher salaries in the private sector (oil and gas wages, anyone?) to provide vital services." — Elisabeth Ballermann, HSAA President
Alberta members, stay by your phone tonight for the Pension Telephone Town Hall or head down to the live audience.
"There's an old saying that if something isn't broken, you shouldn't try to fix it. This is a perfect time for Albertans to be reminded of that saying." - Elisabeth Ballermann, HSAA President.
"For our organizations, a negotiated settlement is better than a forced agreement" said La Fédération des travailleurs et travailleuses du Québec union leaders.