The Provincial Government approached the following unions (PEI UPSE, PEI Teachers’ Federation, CUPE, IUOE and the PEI Nurses Union) in the Spring of 2012 to advise of a significant funding shortfall in the Civil Service Superannuation Fund (CSSF), and to seek their cooperation and input in exploring ways to address and assure its future stability.
PEI UPSE agreed to participate in the discussions which began on June 26 and 27, 2012. A working group comprised of government and union/federation representatives was charged with exploring alternatives and possible changes to the CSSF to ensure the sustainability of the plan. The working group will be asked to make recommendations to the Pension Steering Committee. The Steering Committee is made up of union Presidents, Minister Sheridan and members of his senior staff.
At this point it appears that government may be willing to act on recommendations from the working group and the Pension Steering Committee. However, government has the power to impose changes they feel are absolutely necessary. The union has made efforts to keep the membership up-to-date on the pension issue at large:
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