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Monday, March 21, 2011

Pension Board Lawsuit Slammed

It's time the Pension Board's lawsuit against former Common Councillor John Ferguson for his outspoken criticism of the city's financially beleagurered pension plan is dropped for the sake of the financially beleaguered city taxpayer.

So says Saint John businessman Sandy Robertson who supported Ferguson's bid to become Mayor in the last municipal election. Robertson estimates the legal costs have now exceeded 2 million dollars.

Robertson also points out the city's insurance is paying for Ferguson's legal fees and complains about a lack of transparency........No one seems to have the slightest idea when this will ever get to court and why the pension board is continuing to go after Ferguson who is now the Town manager in St. Stephen.