Pension Plan
The City of Saint John’s Pension Plan converted to a Shared Risk Model in December 2012 when the municipality and its four unions, representing police, firefighter, inside and outside workers all signed a memorandum of understanding.
If you have any questions regarding the plan or its administration, send us an inquiry and we'll get back to you as soon as we can.
CITY OF SAINT JOHN SHARED RISK PLAN
The main objective of the City of Saint John Shared Risk Plan is to provide future pension benefits to members and former members, without an absolute guarantee, but with a risk management approach. The latter will help in delivering a high degree of certainty that base benefits can be met in the future.
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