News Briefs

Public service pension plan drops by 22.7 per cent; Sask. sets minimum age of work; N.B. doctors take wage-freeze battle to court; CIBC employee appeals overtime class-action ruling; Alberta grants reservists job protection; Czech and Mexican visitors need visas
|Canadian HR Reporter|Last Updated: 08/10/2009

Public service pension plan drops by 22.7 per cent

Ottawa — The public service pension plan lost $9.5 billion in the last fiscal year, according to a report from the Public Sector Pension Investment Board. The fund contains the pension plan contributions of the public service, the Canadian Forces, the RCMP and the Reserve Force pension plan. The fund saw a 22.7-per-cent decline in fiscal 2009, which ended March 31. Despite these losses, a total of $3.8 million in annual and deferred incentive bonuses was paid to the investment board’s top six executives, said James Infantino, a spokesperson for the Public Service Alliance of Canada.

Sask. sets minimum age of work