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Tuesday, October 30, 2012

Councillor Warns Clock Is Ticking On The Pension Plan

If common council is to get the budget finalized before Christmas, the provincial task force had better get a move on with its report on the pension plan.

Councillor Susan Fullerton says she's tired of waiting, since the task force was supposed to report back on the shared risk model weeks ago and it's going to have a major impact on the 2013 budget deliberations.

The Mayor has said they're expecting a report any day now.

A $4 million dollar pension payment is due in 2013.