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The Newfoundland and Labrador government could be once again making a changeto the pension plansof newly-elected MHAs.

In a tweet Monday morning, the Liberal caucus posted a letter from ChairRandy Edmunds to House of Assembly Speaker Tom Osborne requesting that the legislature's management commission explore moving to a defined contribution pension plan for members elected in 2015 and beyond.

That's a change from last December, when the house voted to grandfatherMHAs in the older, more lucrative plan despite earlier recommendations that they fall under a new pension plan.

In his letter, Edmunds said that the change the Liberals are now proposingcould save government as much as $5.2 million, compared to the $3.6 million that would have been saved with the original recommendation thatthe Members' Compensation Review Committee proposed before the vote last December.

If passed, the change would affect20 MHAs first elected in the 2015 election 19 Liberals, and one Progressive Conservative.

While the total savings could be $5.2 million, the actual amount depends on whetherMHAsarere-elected for a second term and become eligible for pensions.

Read more:
Liberals propose dialing back new MHA pensions, could save $5.2 million - CBC.ca