The New Brunswick government has followed the approach taken by other Canadian jurisdictions – Alberta, British Columbia, Ontario, Nova Scotia and the federal government – announcing on October 28, 2010 that it will appoint an expert panel to study pensions. According to the government press release, the task force will consult with New Brunswickers on how to ensure that private sector pension plans are “protected and sustainable in the long-term”. Based on these consultations, the task force will make recommendations to the New Brunswick government. No timeline for the consultation was provided.
The government also indicated that public sector pension plans would be subject to a separate review.