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Thursday, May 31, 2012

City Wants More Control Of Its Pension Plan

Just two days after being sworn in, Common Council will ask the province to repeal the City of Saint John Pension Act. 

This would mean the city would not have to go through the time consuming process of asking M-L-A's to approve any changes to the pension plan because it would fall under a municipal bylaw.

Mayor Mel Norton says Premier David Alward is on board with this and it can be done during the current sitting of the Legislature.
City Manager Pat Woods says the city is now at the mercy of the Provincial Legislative agenda with many trap doors that can derail any changes approved by Common Council.