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Tuesday, June 26, 2012

City Retirees Said To Be Nervous

With all the uncertainty over what's going to happen with the city's pension plan has many of the city retirees a bit nervous. We get that word from Councillor Shirley McAlary who's telling them not to panic.
City Finance Commissioner Greg Yeomans is telling the retirees their benefits will not be clawed back with any reductions being made on a go forward basis. 

The city will start meeting with the provincial task force on pension reform July 9th and recommendations from that are expected by the end of August.