Anyone public sector - federal, provincial, municipal - needs to watch this like a hawk. If the feds lose defined benefit pensions, no reason to think the provincial and municipal plans won’t look to go that way too. The federal defined benefit plans are the Helm’s Deep of DB pensions in Canada.
You seemed to imply that MROO was some kind of panacea to keep your underfunded pension’s benefits from being adjusted. I just added that for those federal annuitants appearing to be not so fortunate to be an OMERS annuitant, they had some proponency as well.
I hope he’s not bound by it… Every CAF member should hope that too. It says right in there that they want to move public sector pensions away from defined benefit to defined contribution. That’s a bad thing for CAF, PS, and RCMP.
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