Wednesday, May 8, 2013

MODL Explores Pension Options For Laid-Off Workers


The Municipality of Lunenburg is exploring its options when it comes to funding pension plans for 13 laid-off workers at the recycling centre in Whynott's Settlement. Council members need to make a decision on whether they want to pay up to $190,000 in a lump sum or installed payments of $40,000 per year for five years. Mayor Don Downe says they're leaning towards the lump sum option because they have the money available in their operating budget.



The 13 workers were laid-off after recycling operations at the plant moved to a facility in Kentville. Council is expected to confirm its decision during next week's meeting.