Send a Letter – Defend Your Pension
News for Pension Updates
On February 24th, the Redford government announced changes to its pension reform package. Although the government and some media reports have characterized the revised government position as a reversal of previous cuts, a careful look at the fine print makes it clear that the government’s position hasn’t changed very much.
A second pension rally will take place at 4:30 p.m. this afternoon on the Legislature steps, following up on yesterday’s massively successful 2,000 person rally.
AUPE members are urged to take part in a major pension rally organized by the Labour Coalition on Pensions this Sunday, March 2, at Sir Winston Churchill Square, Edmonton.
The Progressive Conservatives intend to make destructive changes to your pension plan. They haven’t negotiated these changes or engaged in any real consultation. This is your chance to defend your retirement and demand honesty and fairness from your MLAs.
Rally for Retirement Security
Sunday, March 2, 2014
Sir Winston Churchill Square, Edmonton
Buses are being provided by the Labour Coalition on Pensions and organized by the AFL. You must book a seat to by end of day Wednesday, Feb. 26 to be guaranteed a spot, but some walk-up seats may be available the day of the event. To book a seat please call AFL Organizer Ishani Weera at 780-483-3021 or 1-800-661-3995.
AUPE President Guy Smith released the following statement on the pension changes announced by the Finance Minister on Monday, February 24:
“Today the Finance Minister announced that the Progressive Conservative government will move ahead unilaterally with pension reductions. Benefits have been significantly reduced, without any real consultation. Governance reform is still unaddressed, even though that was the single biggest problem identified by the Auditor General.
“One of our biggest concerns now is the same that was raised by the Auditor General: that employees may leave the public service because of these changes. If that happens, it will not only harm the quality of services, but could create a run on the pension plan, significantly increasing the unfunded liability.
EDMONTON – AUPE is demanding that Finance Minister Doug Horner halt his planned changes to pension plans, given the deficiencies identified by the Auditor General’s report released today.
The report states that it is “unclear whether the proposed reforms significantly increase the likelihood of the plans’ sustainability” (p. 31).