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.