Seeking 100% DB Pension Security for Canadians. Pensions are deferred compensation for services already rendered. Not honouring pensions is wrong and unfair.
Sign the petition ! Call upon the House of Commons to amend the Companies’ Creditors Arrangement Act and the Bankruptcy and Insolvency Act as proposed in Bill C-253 to better protect defined benefit pension plans and, as a result, retirees.
https://t.co/1ctdGu0AVL
Sign the petition ! Call upon the House of Commons to amend the Companies’ Creditors Arrangement Act and the Bankruptcy and Insolvency Act as proposed in Bill C-253 to better protect defined benefit pension plans and, as a result, retirees.
https://t.co/1ctdGu0AVL
@FSRA_News Why is the # of plans being actively monitored confidential ? Don’t taxpayers have a right to know ? FOI request needed? @RaymondChoPC ?
“FSRA spokeswoman Judy Pfeifer said the number of plans becoming actively monitored since Feb. 20 is confidential information”
Want to do something about the terrible treatment of pensioners in bankruptcy? @OFLabour and @CanadianLabour both have good campaigns on this front:
OFL: https://t.co/nqtLbLxne0
CLC: https://t.co/m9vbFTset9
#canlab
Sears isn't the only company to operate like this either. According to research published by the @ccpa plenty of big Canadian corporations are underfunding their workers' pensions. This should be illegal.
“...there is no justification for... failing to ensure that plan benefits ...are adequately funded...when corporations are allowed (and can afford) to distribute multiple times the value of their pension shortfalls in dividends and share repurchases....”
https://t.co/PufIEqHwne
“If they can afford to pay the shareholders, they can afford to fund the pensions.” @DavidMacCdn
talks about how companies are choosing shareholder payouts in spite of worker pension deficits
Read the story
https://t.co/SJths9unVj
Find the report here https://t.co/88HJ8cLzzy
Trudeau stands with billionaires as Sears pensioners pay for CEO's megayacht
They left the pension fund underfunded for a decade by $250 million while paying shareholder dividends of $3Billion.
And it was all legal.
Trudeau refused to change the law.
https://t.co/0SJ5ffmHEO
One Federal party is committing to Protect Pensions. Will the others make similar commitments? Let’s ask them when they come knocking on our doors for votes!