A new study prepared by an independent actuarial firm shows that Alberta’s largest public sector pension plans are healthy and well on the way to returning to fully funded status.
The George & Bell study was commissioned by a coalition of unions and associations that have members in the Local Authorities Pension Plan (LAPP) and the Public Service Pension Plan (PSPP).
The Alberta Federation of Labour says the results of the study don’t support arguments used by the government of Premier Alison Redford to justify its plan to roll back pensions covering almost 300,000 public-sector workers and pensioners in Alberta.
The provincial government has proposed introducing legislation for public sector pensions to address the sustainability of the plans.
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