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Wednesday, November 20, 2013

Shared Risk Pension Model Getting The Thumbs Up

New Brunswick is ground zero in the pension crisis. So says Jim Leech, the C-E-O of the Ontario Teachers Pension Plan. 

He tells CHSJ News the shared risk model that was adopted by the city and is being embraced by the Alward Government is the right thing to do. He says it is the only solution to the demographic time bomb with public pension plans that have defined benefits.

Leech says to exclude retirees and put the entire risk on current provincial government employees is unfair. 

Leech has praise for Premier David Alward and those labour leaders in the province who realised the seriousness of the problem.