Liberals Must Act to Protect Employee Pensions: Sweet

November 23, 2017

Ottawa, Ontario – In the wake of the Sears and US Steel bankruptcies, which have put thousands of employee pensions at risk, southern Ontario Member of Parliament David Sweet is calling on Justin Trudeau’s Liberal MPs to review the Bankruptcy and Insolvency Act, the Companies’ Creditors Arrangement Act (CCAA) and the Investment Canada Act. He issued the following statement:

“Too many Canadians have lost their dream of a dignified retirement after working hard for thirty, forty, sometimes, fifty years. After the collapse of Nortel, Stelco/US Steel and now Sears, it is time for Parliament to act and support workers and their families.

“Parliamentarians need to be clearly informed about all legislation that impacts employee pensions and understand how pensions are not guarded from mismanagement and underfunding.

“Based on my experience as Chair of the Standing Committee on Industry, Science and Technology in the last two Parliaments, I believe that parliamentary committees are best suited to examine important government legislation because these committees compel all stakeholders to publicly defend why legislation should or should not be modernized.

“Pensioners have raised serious concerns about the process that puts investors ahead of pensioners in bankruptcy proceedings. As a result of changes made by the previous Conservative government, a company is obligated to pay its pension obligations when it seeks company creditor protection, but there are still things we could do to improve the legislation. I call on all parties to cooperate to find solutions.”

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2 days ago

David Sweet, M.P.

Open mic at "Politics at the Pub" with my newest colleague Leona Alleslev, the MP for Aurora-Oak Ridges-Richmond Hill! She is an articulate person and a bright light for Conservative Party of Canada - Parti conservateur du CanadaParty!!

At TwelvEighty Pub on the McMaster University campus. A wide variety of very thoughtful questions. Great policy discussion. I'm always encouraged when I speak to our future leaders, our students, who have put so much thought into what the future of Canada holds.

Thanks to the Mac Poli Sci 3PR3 students for organizing tonight's event. Well organized. Great to see. Your work, ideas and talent are much appreciated.
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3 days ago

David Sweet, M.P.

A pleasure to speak with students at Rehoboth CS this morning about work that Parliament does, our country and more. Thank you to the Civics class at Rehoboth for listening and engaging with good questions.

Thank you to Pat Dolan with our McMaster Poli Sci 3PR3 team for organizing. #FlamGlan
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A pleasure to speak with students at Rehoboth CS this morning about work that Parliament does, our country and more. Thank you to the Civics class at Rehoboth for listening and engaging with good questions. 

Thank you to Pat Dolan with our McMaster Poli Sci 3PR3 team for organizing. #FlamGlanImage attachment

4 days ago

David Sweet, M.P.

Andrew Scheer
I’m honoured today to be attending and participating in the Remembrance Day Ceremony at Hamilton’s Canadian Warplane Heritage Museum to pay homage the sacrifices made by Canada’s men and women in uniform. Watch Live:

#LestWeForget

--
Je suis honoré aujourd’hui d’être présent et de participer à la cérémonie du jour du Souvenir au musée @CWHM de Hamilton afin de rendre hommage au sacrifice fait par les Canadiens et les Canadiennes en uniforme. Suivez en direct:

#NoublionsJamais
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5 days ago

David Sweet, M.P.

Join us before 8:00pm for our Free Family Skate in Flamborough. Organized by our McMaster University Political Science 3PR3 students! Thank you Brenda Benedicto Pat Dolan Hannah Moffatt and Alex Fischer for your work. #FlamGlan ... See MoreSee Less

 

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I needed help with visa application

5 days ago

David Sweet, M.P.

This Remembrance Day I hope you will all join me in remembering the brave soldiers who sacrificed everything for our country and the values we cherish.

We will remember them.

Lest we forget.
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Lest We Forget!

Yes !

We missed you at The Bridge gala. We are doing great things with all new staff in Halton and Hamilton with 2 offices and staff of 7. Drop in and. See what your continued support is doing

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2017-11-23T18:37:41+00:00