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Monday, March 19, 2012

Former Mayor Describes Allegations About Pension Board as "Damning"

Former Mayor Norm MacFarlane rejects all of the allegations made by Former Common Councillor John Ferguson about the pension plan and pension board.

MacFarlane claims those allegations had a damning effect on the pension board trustees.
 
He also told the jury the city hired an independent expert to answer questions about the pension plan which cost a minimum of 50 thousand dollars and Ferguson did not ask one question. But at the next meeting of Common Council, he complained the right questions weren't asked.
 
 Macfarlane estimates the allegations took up from 30 to 40 per cent of the time of senior city staff needlessly and haunted the work of Common Council at a time when it was trying to come up with a long term vision for the city.