Government of New Brunswick

Government is making pensions more secure, transparent and affordable.

A number of pension plans across North America are facing significant funding deficit issues. Many plans as they presently exist are not sustainable in the long term. New Brunswick is not immune to these challenges.

The Government of New Brunswick has taken action. The new pension model, developed in collaboration with union leadership, offers an innovative way to address these issues now, before it is too late.

This model will offer New Brunswickers the best protection possible for their hard-earned pension savings and reduce liabilities for all taxpayers.



About the Model


National Summit on Pensions Reform

Responding to an urgent need for a candid, high-level conversation about pensions, Canada’s Public Policy Forum and the Government of New Brunswick convened a National Summit on Pension Reform in Fredericton on February 19-20, 2013. The Summit examined issues such as pension sustainability, inter-generational equity, and the private sector savings gap. The Summit also analyzed New Brunswick’s experience with its own recent public pension reforms and explored whether this model can be emulated elsewhere.


Announcement: New Pension Model