Small Business Organisation Calls Government Pension Plans "Unsustainable"

The Alward Government is being applauded by the Canadian Federation of Independent Business for taking the bull by the horns by carrying out a review of public sector pensions which are running large deficits for the most part.

The Atlantic Director of the C-F-I-B Leanne Hachey tells CHSJ News defined benefit pension plans have to be restructured because they are unsustainable and a recipe for financial disaster.

Hachey says incentives for early retirement could be removed along with indexing and the benefits themselves could be made more affordable.

The retirees for the city vow they will not accept any clawbacks of their pension benefits.