Common Councillor Shirley McAlary agrees with what seems to be the prevailing opinion at City Hall: that the Shared Risk model is the way of the future for Saint John’s pension plan.
McAlary tells CHSJ News folding the plan is nearly impossible because it would be far more costly in the long run.
McAlary says the decision ultimately rests with council, but there’s a slim chance of another solution being found considering council has been wrestling with the pension issue for months.
