Staff
Prince Edward Island reaffirmed its plans to make changes to its public sector pensions in this week’s throne speech.
Since 1993—in addition to its regular employer contributions—the province has made special payments into its employee pension plans, totalling millions of dollars.
Even with the additional funding, P.E.I. has been unable to offset the increasing costs.
The throne speech said the reforms will be phased in over time and “will ensure pensions are available for members, now and well into the future.”
The P.E.I. Union of Public Sector Employees plans to protest against the changes in front of the province’s legislative assembly on Friday.
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