MASSE IN THE HOUSE: Petition Calling on the Government to Protect Workers' Pensions
May 6th, 2009 - 8:19pm
Mr. Brian Masse (Windsor West, NDP): Mr. Speaker, the last petition I wish to present today is signed by thousands of Canadians and it relates to Canadian pension funds. Drastic things are happening right now with respect to the economy and Canadians are at risk.
The petitioners call upon the Parliament of Canada to protect workers' pension funds by extending to employee pension obligations super priority preferred creditor protection in cases of bankruptcy or court mandated restructuring.
The petitioners urge the government to establish a pension guarantee agency equivalent in operation to the institutes that exist in the United States of America at the federal level.
By the volume of signatures, Canadians are concerned about their protection and they want the government to act.