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New Brunswick Appoints Pension Reform Group

Posted by on Dec 8, 2010 in Retirement | 0 comments

A three-member task force has been appointed to find ways toimprove private pension plans in New Brunswick.

As reported in the Times & Transcript Justice Minister Marie-Claude Blais said the the three-member Task Force on Protecting Pensions will be “leading pension reforms.”

“We’ll have to look at what they recommend, but from what I hear and from what is out there, I believe there is a need for reform,” Blais said in an interview yesterday.

“The goal at the end of the review is to ensure New Brunswick has in place rules and regulations that offer the greatest protection of the pensions that workers are counting on when they retire.”

Blais said there are currently about 300 pension plans for workers in New Brunswick.

The three members of the task force are: Paul Joseph McCrossan, an actuary; Susan Rowland, a lawyer and Pierre-Marcel Desjardins, an economics professor. No timeline was set out yesterday for the task force’s work.

The Department of Finance will conduct its own review of pension funds in the public sector. READ MORE

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