The city's Pension Board responding to comments attributed to Provincial Finance Minister Blaine Higgs about its investment strategy being double or nothing with a reference to spending time in a casino.
The Board is asking for a meeting with Higgs to clarify the role of the trustees when investments were made saying they took the advice of qualified professional investment advisors and were in compliance with the provincial Pension Benefits Act.
One of those investments, as revealed at the defamation trial of former Common Councillor John Ferguson, was Nortel when went down the tubes.
