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Wednesday, September 28, 2011

Police Officers Not Allowed To Pay More Into Pension Plan

"A political hot potato"..........That's what the city's pension plan and the attempt to put it on a sounder financial footing have turned into according to the President of the Saint John Police Association.

Jamie Hachey tells CHSJ News his members have not been allowed to contribute more of their own money into the plan.

He warns if the city wants further cuts in the pension plan, over and above those already made, then wages will have to be renegotiated.

Hachey also questions how the province could reject so quickly the city's proposed changes after changing its actuary in mid stream