Regina: Groups representing employees in the Regina Civic Pension Plan are holding a news conference tomorrow, April 6, at 10 a.m. to highlight the employers’ legal obligations under the plan and the Pension Benefits Act,and discuss options to address the plan’s funding challenges.
The Regina Civic Pension Plan is a defined benefit plan that covers 3,900 members working for five major employers: the City of Regina, the Regina Public School Board, the Regina General Hospital, the Regina Public Library and the Buffalo Pound Water Treatment Plant.
The city’s administration, with the support of the plan employers, is urging the city’s Executive Committee to deny approval for the contribution rate increase recommended by the pension plan’s actuary. In doing so, they are advocating city council adopt a position contrary toits legal obligations under the Pension Benefits Act and its collective agreements with employees.
Employee groups approved the contribution rate increase in December and expect city council to do the same. They also want the employers to return to the bargaining table to negotiate changes to secure the plan’sfuture.
Date: Wednesday, April 6, at 10 a.m.
Location: Meeting Room 1, Regina Public Library
Speakers: Kirby Benning, Regina Civic Pension and Benefits Committee; Clare Pitcher, Actuary; Buck Consultants; and Anne Gregory, Legal Services, CUPE.
For more information contact:
Aina Kagis
527-2014