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On February 9th 2012, public service unions appealed to the Supreme Court to overturn the Ontario Court of Appeal’s ruling that the federal government had the right to appropriate $30 billion from the employees’ superannuation fund in 1999.
Lawyers representing public service employees argued that:
Therefore, the government used the Superannuation Accounts surplus illegally to give itself a contribution holiday and reduce the deficit.
The government argued that:
The government denied having taken a contribution holiday, and explained that its contributions were always merely an accounting ledger activity.
The Supreme Court judges will debate the case until they render a judgement. Supreme Court judgments on appeal generally take an average of six months to deliberate.