CBE Pension Plan Annual Information Meeting 2025

Your Board of Trustees held the 2025 Annual Information Meeting on November 19, 2025.

UPDATE FROM THE BOARD OF TRUSTEES – November 21, 2025

Earlier this week, the Board of Trustees of the CBE Pension Plan received a letter from the New Brunswick Nurses Union, the New Brunswick Union, and the Government of New Brunswick (collectively, “the Parties”) recommending changes to the Plan’s early retirement rules. Specifically, the Parties are recommending that the Plan’s early retirement rules be changed to allow for members to take an unreduced benefit amount at age 62 from the current age of 65, that the Parties have agreed to this benefit improvement on a go-forward basis, and that the cost of the benefit change be funded through a contribution rate change shared equally between the Employer and Employee.

The Board of Trustees is currently assessing this recommendation while respecting the fundamental philosophy of the CBE Plan. This requires a detailed cost analysis, consultation with the Plan’s actuary, administrator, and the pension regulator, and a thorough review of our governing documents. The Board is reviewing the proposed changes in the context of the long-term sustainability of the Plan.

The Board anticipates concluding its due diligence of the proposed changes before the end of March 2026. Updates to Plan members will be provided as we progress through this assessment.