Not all city agencies follow council's lead to scrap retirement payments - News Summed Up

Not all city agencies follow council's lead to scrap retirement payments


Council's decision in December to stop paying a retirement allowance to departing long-term City of Calgary employees isn't being mirrored by all city agencies. Payments in union contractsDespite the council vote, the retirement payments will live on at Enmax. The city-owned utility said it inherited the retirement allowance program in the 1990s when it changed from being a city department to a wholly-owned subsidiary. Enmax's policy on paying the retirement allowance is slightly different from the city's long established practice. Following the council vote in December to give notice the retirement allowance will be scrapped for city employees, the CPA reviewed the practice for its staff.


Source: CBC News February 10, 2020 12:56 UTC



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