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Tuesday, November 6, 2012

Marathon Meeting Held On City Pension Plan

We could have some answers on the city's pension plan later this month.
 

Common Council now has a long-awaited update from the Provincial Task Force on the pension plan but Mayor Mel Norton tells CHSJ News he can't reveal the content of that 5 hour closed-door meeting until the numbers are finalized.
 

In terms of the budget Norton says he doesn't anticipate any delays because city staff are preparing for all possible scenarios. 

The Mayor would like the budget to be signed, sealed and delivered before Christmas.
 

Common Councillor Susan Fullerton is calling for a Made in Saint John solution for the city's pension plan that can be compared to what the Provincial Task Force proposes.