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New Brunswick Premier David Alward, left, meets with Ontario Premier Kathleen Wynne, at the Ontario Legislature in Toronto, April 15, 2013. Mr. Alward’s government introduced controversial pension reforms, which a group of pensioners have launched a lawsuit over.
New Brunswick Premier David Alward, left, meets with Ontario Premier Kathleen Wynne, at the Ontario Legislature in Toronto, April 15, 2013. Mr. Alward’s government introduced controversial pension reforms, which a group of pensioners have launched a lawsuit over.
(J.P. Moczulski For The Globe and Mail)

Retirees sue New Brunswick over pension reforms

A group of 13,000 retired public sector workers filed a lawsuit against the province of New Brunswick Monday, claiming the province violated their human rights under the Canadian Charter of Rights and Freedoms.

After suffering severe investment losses during the 2009 financial crisis, New Brunswick faced a $1-billion pension shortfall. It subsequently passed sweeping reforms in December, converting traditional indexed pension plans into a new shared-risk model.