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Media advisory
Workers and retirees who are concerned about the future of the Regina Civic Pension Plan will be in attendance at the July 28 City Council meeting to call for the city to honour the deal it signed with employee unions last year. Kirby Benning, chair of the Pension and Benefit Committee, will be presenting.
The city and its unions agreed publicly to a deal that made the pension plan stable, sustainable and affordable for all sides, while still delivering modest defined pension benefits. The signed agreement reduces the cost of the plan by one quarter and shifted even more of the future risk from the city to workers.
Since then, the city has showed little interest in negotiating the outstanding items in good faith. Instead, it has tried to back away from the deal and put forward new proposals that will amount to significant concessions to plan members, including further changes to contribution rates, benefit levels and major restructuring of the design of the plan.
The provincial regulator has grown impatient with the lack of action and is threatening to cancel the pension plan, which creates uncertainty for plan members, especially retirees.
What: Workers will gather before the city council meeting at 5:00 p.m. for the launch of a campaign to save the pension plan: Honour Our Deal. Photo opportunities available.
Where: City Hall, 2476 Victoria Avenue, Regina, Saskatchewan
When: 5 p.m., Monday, July 28, 2014.
Website:
