For New Democrats, this situation is fundamentally unfair.
“This bill is crucial to the NDP’s overall retirement income security program,� said Marston. “We will not stop working on this issue until Canadian’s pensions get the protection they deserve.�
“At the present time, someone who has been retired for a decade, after working for a company for 30 years, can suddenly find their pension cut by upwards to 40% through no fault of their own, simply because her former employer goes into bankruptcy,� said New Democrat Deputy Pension Critic, Alain Giguère (Marc-Aurèle-Fortin). “This is wrong, and the law must be changed.�
“With another possible downturn looming, and more bankruptcies or restructurings likely, it’s more important than ever that pensions are protected. As always, it’s a matter of priorities," said Marston. "Highly profitable banks and Investment Bankers have the Conservatives looking out for their interests. New Democrats will continue to fight on behalf of the rest of us.�
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For more information please contact:
Tom Allen, office of Wayne Marston, 613-219-0076 [email protected]