This week, Anita Anand announced that the $1.9 billion non-permitted surplus will be moved from the Public Service Pension Fund to the Consolidated Revenue Fund.
The National Association of Federal Retirees acknowledges today's statement by Treasury Board President Anita Anand regarding the intention to move the $1.9 billion non-permitted surplus from the Public Service Pension Fund to the Consolidated Revenue Fund.
“Our members have significantly contributed to this fund through their years of service to Canadians,” said Anthony Pizzino, CEO of the National Association of Federal Retirees. “Therefore, we are deeply concerned about any decision that impacts the health and long-term security of our members’ pensions and will be closely monitoring this situation as it develops.”
Federal Retirees will continue to advocate for sustainable, defined benefit pension plans that enable retirees to contribute to a strong Canadian economy.