Pension Bills 9 and 10 end with prorogation of Legislature

Pension Bills 9 and 10 end with prorogation of Legislature

Union Updates, Pension Updates and tagged with LAPP, pension, PSPP

EDMONTON – AUPE President Guy Smith commented today on the end of Bills 9 and 10, which threatened to dramatically reduce the value of AUPE members’ pensions.“We are relieved to have these two bills behind us, but we will be moving cautiously as the government plans to conduct another review of pension sustainability,” Smith said.

“We remain committed to achieving joint sponsorship of the Local Authorities Pension Plan and Public Service Pension Plan so our members, who contribute equally to the plans, get an equal say in the future of their retirement savings,” he said. “Ultimately, we want a governance model that eliminates political interference in the pension plans.
The end of Bill 9 and 10 was announced today as the Speaker prorogued the Legislature, officially ending all government business on the order paper. The government also committed that it would not reintroduce the legislation when business resumes on November 17th.

In a mandate letter released September 17th, Premier Jim Prentice directed his new Finance Minister Robin Campbell to review the sustainability and competitiveness of Alberta’s public sector pension plans.
“We hope to see a more constructive and inclusive approach to addressing the future of Alberta’s public sector pension plans than was taken in the last year,” Smith said.

For more information:
Guy Smith, AUPE President: 780-265-2294
Tyler Bedford, AUPE Communications: 780-298-7626