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Liberals make promise to public service pensioners

in Daily Indygestion/Email Indygestion/Journalism/NL Election 2011 by

Liberal Leader Kevin Aylward has promised to provide a one-time increase to public sector pensioners of 2.5 per cent, and then make annual increases equivalent to the Consumer Price Index up to 2 per cent. Currently, the public service pensions are not indexed. Aylward was speaking to a rally organized by the members of the Public Sector Pensioners Association, who had congregated at the Confederation Building. The association has had a lengthy battle with government to get an increase for public service pensioners but has been unable to secure extra funding. “Healthy pension plans for all retirees is a critical part of supporting the seniors of our province,” said Aylward. Source: CBC

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Participation rates by income in the differing pension schemes

In 2008, public subsidies to private pensions cost us $186 million.

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