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.”

MORE POSTS

Liberals Must Act to Protect Employee Pensions: Sweet

November 23rd, 2017|0 Comments

Constituent Survey Results

July 13th, 2017|0 Comments

1 day ago

David Sweet, M.P.

My team and I spent Earth Day at the Hamilton to Brantford Rail Trail in Dundas doing some spring cleaning alongside Hamilton West-Ancaster-Dundas Conservative candidate Bert Laranjo! Thank you to everyone who came out! ... See MoreSee Less

 

Comment on Facebook

You have the best team in Hamilton!!!! Good people!!! Lucky to have them in our community!!!

Thanks for cleaning it up👍

Good team

2 days ago

David Sweet, M.P.

Andrew Scheer
Justin Trudeau has failed to be honest with Canadians and when he gets caught he tries to change the channel, shift blame, and spread fear and division. This October Canadians will have the opportunity to say 'no more' to Justin Trudeau’s falsehoods.
... See MoreSee Less

3 days ago

David Sweet, M.P.

Andrew Scheer
Today Christians from around the country will join together in the celebration of Easter. Easter is recognized as the most important day of the year in the Christian Calendar. On this day, Christians of every denomination and walk of life gather to reflect on the sacrifice of Jesus Christ and to celebrate his resurrection. It is also a challenge to walk in his footsteps and follow his example of perfect love. As the Gospel of John reminds us, “Greater love has no one than this, that someone lay down his life for his friends.” May we all take the opportunity to recall the values that unite us across Canada. Of peace, unity and religious freedom that have made our nation one of the most welcoming in the world. As while we celebrate the joy of the resurrection, our prayers are with the Christian communities around the world facing persecution for their faith. On behalf of Canada’s Conservatives, I extend my warmest wishes, from my family to yours, to all those celebrating a blessed and joyful Easter.
... See MoreSee Less

 

Comment on Facebook

Yes they will and while there with families and iin churches they will be attacked and killed indiscriminately, as you and your like support the unified world order! Hundreds died this morning in attacks agianst christians and you have the nerve to stand in front of us and support importing these to our nation! You have no soul!

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