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Thursday, June 7, 2012

Common Council Will Not Have Free Reign Over Pension Changes

Some city employee groups, like the firefightes union, expressing concern over the repeal of the City of Saint John Pension Act.

The changes now allows the city to make changes to the pension plan without needing a sitting of the Legislature.

But Common Councillor Ray Strowbridge tells CHSJ News council will not have free reign over the plan as final approval still lies in the hands of the Superintendent of Pensions.

He says dealing with pension deficit will be easier because council will not be at the mercy of the timetable of the Legislature.