The Daily Shaarli

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November 9, 2021

CBC Lite | N.B. government behind financial problems of CUPE pensions, ruling suggests

The two plans serve employees who are among the lowest paid in government.

According to the province's latest financial statements, members of the two unions make an average of just under $36,000 per year with retired members of CUPE Local 2745 earning average annual pensions of $8,724. Average pensions of former CUPE Local 1253 members are $11,979.

"They are no way a gold-plated pension plan," said Theresa McAllister, president of Local 2745.

The pension plans have been depicted as financial wrecks in government messaging as part of an effort to pressure the two unions to give them up for cheaper retirement plans with benefits the province does not have to guarantee.