Linked Header

Friday, March 23, 2012

Allegiance Of Pension Board Trustees Under Fire

The role of the city's Pension Board trustees has become a focus of the defamation trial of former Common Councillor John Ferguson.

They have all testified their job was to look out for the best interests of the pension plan members even when the deficit was rising.

The Atlantic Director of the Canadian Taxpayers Federation, Kevin Lacey questions where that leaves the taxpayer and who represents the public interest.

Ferguson's lawyer Rod Gillis is suggesting the pension board was reluctant to lower benefits despite the rising deficit because most of its members were either receiving or in line to receive city pensions.