A Reminder…
We should occasionally remind ourselves that the “defined benefit” and “joint trusteeship “features of our pension plan are enshrined in provincial legislation. That’s both a good thing (it makes it difficult to change those features) and something to worry about (they can be changed if politicians decide to do so).
British Columbia is now in the “pre-election window” for the 2024 vote. As of now, no provincial party seems interested in altering the public sector pension plans. But across the country, in New Brunswick, a government is busy ripping up defined benefit plans.