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N.B. government employee pensions unable to fund full cost of living amounts in 2023

For the first time since its conversion to a privately run shared-risk plan ten years ago, New Brunswick's largest government employee pension fund cannot afford to pay retired employees a full cost-of-living increase on retirement benefits, instead implementing 94 per cent of the full amount for 2023. ....

Larry Jamieson , Blaine Higgs , David Alward , Clifford Kennedy , Pension Coalition Of New Brunswick , Public Service Pension , New Brunswick , Actuarial Valuation Report , Pension Coalition , New Brunswick Teacher Pension Plan , Progressive Conservative ,