With the startling news the city’s pension deficit is actually sitting at 345.5 million dollars, New Brunswick Police Association Vice-President Jamie Hachey tells CHSJ News the city clearly needs to consider switching to the shared risk model.
Hachey says the Task Force brings a lot of expertise to the table and council needs to do its due diligence when it comes to weighing the information.
Paul Stackhouse of the Firefighter’s Association agrees, saying he’s glad the Task Force is assisting. Both Hachey and Stackhouse held off on further comments before next week’s vote.
The unions and Common Council need to agree on any changes to the pension plan before they can be adopted.
