Legislative leaders, through spokesmen, did not indicate any reason why the pension adjustment would not be approved.

President Jacques Chirac ordered the pension adjustment after he saw the film in a private screening.

Pension adjustments for retired city workers are costing the city $236 million a year; that may grow to $586 million in three years.

Note the pension adjustment is not equal to the amount contributed to the IPP.

They say the move would cost the city about $30 million in pension adjustments, demoralize the housing and transit forces and foster subway crime.

City officials say that the city has already made significant pension adjustments sought by the unions and that this proposal would cost too much money.

For example, by linking pension adjustments to price increases rather than wage increases, Mrs. Thatcher changed overnight the long-term viability of the British retirement system.

But then the RRSP contribution room may be reduced with a pension adjustment if you are part of another plan, reducing the ability to use RRSP contributions as a deduction.

One aide to the Mayor said, "The civilian unions can't complain if police and fire get more as a result of these pension adjustments, because the civilians already got the same adjustments and some of that money went back to them as pay raises."

Only a Pension Adjustment is reported in box 52 on the member's T4 slip and the pension adjustment is determined by the Plan's Actuary or Plan Administrator based on a formula prescribed in the Income Tax Act.