New Brunswick government employee pensions suffered $1B loss in 2022 cbc.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cbc.ca Daily Mail and Mail on Sunday newspapers.
For the first time since its conversion to a privately run shared-risk plan ten years ago, New Brunswick's largest government employee pension fund cannot afford to pay retired employees a full cost-of-living increase on retirement benefits, instead implementing 94 per cent of the full amount for 2023.