© Guardian photo
Finance Minister Wes Sheridan
Premier Robert Ghiz and Finance Minister Wes Sheridan are announcing changes today to the province's public sector pension plans.
A news conference has been called for this afternoon to make the announcement, which was originally scheduled on Friday. It was postponed after the province's biggest civil service union began raising concerns over the upcoming pension changes.
Debbie Boyver, president of the Union of Public Sector Employees (UPSE), told The Guardian last week the province wants to eliminate increases made each year to pension payments that allow them to keep up with inflation, a practice known as indexing.
The union has launched a public campaign with newspaper ads and meetings planned this week across the province to raise concern about the changes.
Sheridan told The Guardian Friday the changes are necessary in order to keep the pension plans sustainable. He accused UPSE of fear mongering and said government will go ahead with reforming the plans even if UPSE is not on board.
The premier was scheduled to take part in a trade mission to Brazil this week. He remains in the province and will take part in the pension plan announcement this afternoon at 2:30 p.m.
The Guardian will provide updates to this developing story throughout the day. For full details and reaction, be sure to check out tomorrow's print and E-edition of The Guardian.