Pension for MLAs changed to shared-risk plan

2014-03-26T21:09:00-07:00March 26th, 2014|Categories: Pension Reform|Tags: , , , |

Premier David Alward has introduced a bill to strip down the pensions of future members of the legislative assembly and move MLAs to a shared-risk system. Under the bill,MLA benefits would be significantly reduced going forward, said Alward. And under the shared-risk model, MLAs and the province would be equally at risk if pension plan investments don’t perform as well as expected. The changes will save taxpayers about $1.3 million annually, Alward said in a statement on Wednesday. […]