"What the George & Bell study shows is that the government's plan for pension reform is based on a foundation of half-truths and misconceptions," said McGowan. While the government is currently developing a plan to deal with the $7.4 billion unfunded liability faced by Alberta's four major public-sector pension plans, the unions argue that proposed changes are unnecessary.ĭuring a press conference in downtown Edmonton on Tuesday, Alberta Federation of Labour President Gil McGowan said a study by Vancouver-based firm George & Bell Consulting shows the plans are healthy "and are in fact getting healthier." A new study proves Alberta's pensions are sustainable without the government's planned rollbacks to benefits, say provincial union leaders.
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