Lo­cal re­tired teach­ers united on pen­sion is­sue

The Compass - - EDITORIAL -

This is to ad­vise that at the ex­ec­u­tive meet­ing of the Con-Tri di­vi­sion of the Re­tired Teach­ers’ As­so­ci­a­tion on April 9, it was de­cided to make our feel­ings known to gov­ern­ment about the lat­est pen­sion-pay­back scheme.

Our sec­re­tary com­posed a let­ter and di­rected it to the pre­mier and all of the pro­vin­cial MHAs within our di­vi­sion, as well as our re­gional news­pa­per.

We want to ex­press our sol­i­dar­ity on this is­sue and wish to in­form gov­ern­ment that we are much more con­cerned about the vast amount of teach­ers pen­sion money that was spent by past gov­ern­ments when they placed our con­tri­bu­tions into gen­eral rev­enues back in the 70s and 80s. The amount that gov­ern­ment has at­tempted to gar­ner from long-re­tired teach­ers pales in com­par­i­son to the amount that they ac­tu­ally owe us (the teacher’s pen­sion fund) for their spend­ing prac­tices back in those days when the pen­sion fund was not set up as an in­vest­ment fund.

We sin­cerely hope that gov­ern­ment can find much more hu­mane ways to cut their bud­get spend­ing with­out caus­ing un­due hard­ship to so many of our lower-paid pen­sion­ers.

Al­bert Legge is pres­i­dent of Con-Tri di­vi­sion of the Re­tired Teach­ers’ As­so­ci­a­tion of New­found­land and Labrador

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