Taxpayers Who Are Not Earning Their Pensions Are Subsidizing Those Who Are

Common Council is beginning its budget deliberations with an 8.3 million dollar shortfall. It will find itself behind the 8th ball financially if the provincial government doesn't go along and approve regulatory relief when it comes to contributing to the city's pension plan. The Atlantic Director of the Canadian Taxpayers Federation Kevin Lacey tells CHSJ News there's a risk other taxpayers will get angry.
He says what ends up happening is the taxpayers who are not earning their pensions are subsidizing those who are and he adds it's not an equitable or sustainable way of dealing with these pension programs.
Lacey says it's unrealistic to expect the provincial government to keep topping up its pension plan to the tune of 300 million dollars yearly.