CUPE Nova Scotia Pension Committee

W E D N E S D A Y.

Please be advised the Town Office and Public Works garage will be closed Monday, Oct 11 for Thanksgiving.

Warm wishes for a lovely long weekend with your friends and family.

Our pension committee will present the results of the pension survey completed @ the 2017 CUPE AGM. Stay tuned. The result will be posted after the 2018 CUPE AGM in May. Get to know and understand the pension language in your collective agreement.

Submission to the Pension Funding Framework Review and other issues affecting pension plans - CUPE Nova Scotia The following submission to the province, entitled “Pension Funding Framework Review and other issues affecting pension plans”, was made by CUPE NS President Nan McFadgen and the CUPE NS Pension Committee on November 10, 2017. CUPE Nova Scotia is disappointed that the Pension Funding Framework Revie...

Yesterday CBC's "The Current" had an excellent segment about how pensioners need better protection when a company goes bankrupt. Better legislation is needed to ensure that pension plans are first in line to ensure that pension promises (deferred wages) are paid out ahead of banks and government. The NDP has put this legislation forward, but the Liberals (like the Conservatives when the NDP previously brought this issue forward) are not currently interested.

"...Wages are protected, unfunded pensions are essentially just a deferred wage that need to be protected too," Wanda Morris.

The quote above perfectly sums up the inherent unfairness of having pension plans at the back of the line. Pension plans are deferred wages - if you weren't in a pension plan you would be paid more today - you are sacrificing today's wage for a secure future. They should be protected like any other wage when a company goes into bankruptcy.

'Pensioners are our most vulnerable': Better protection needed for retirees, says advocate Advocates for retirees are pushing for legislative change as Sears Canada's bankruptcy is once again leaving pensioners still fighting for payout.

The attack on our earned pension have just begun. Educate yourself and be prepared for one hell of a fight.