Local retired teachers united on pension issue
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