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

5 days ago

David Sweet, M.P.

Thank you to everyone who came out today to celebrate the birthday of Canada’s first Prime Minister, Sir John A Macdonald. Great thanks to Robin McKee for your great presentation and knowledge. Please also see below the event this Saturday to celebrate Sir John A Macdonald. ... See MoreSee Less

6 days ago

David Sweet, M.P.

Join us here to celebrate the first Prime Minister of Canada, Sir John A Macdonald’s birthday! 🎂 ... See MoreSee Less

View on Facebook

 

Comment on Facebook

Robert Collings it is so cool to say you share the same birthday as the founding father of confederacy of Canada!

Happy Birthday Sir John A Macdonald.

1 week ago

David Sweet, M.P.

Special Invitation!

You're invited to a grand birthday celebration for Canada's First Prime Minister Sir John A Macdonald!

A reception will be hosted by MP David Sweet with a short presentation by local historian and member of Hamilton's Sir John A Macdonald Society, Robin McKee.

Date: Thursday, January 11, 2018 -- Sir John A Macdonald's birthday (born 1815)
Time: Drop in between 1:00pm and 3:00pm
Location: 1760 Upper James St. Unit 4 (David Sweet MP Constituency Office)
*Light refreshments will be provided

Please RSVP by the morning of January 11th- (905)-574-0474

Birthday Celebration for Sir John A MacdonaldJan 11, 1:00pm1760 Upper James St, Hamilton, ON L9B 1K9, CanadaSpecial Invitation!

You're invited to a grand birthday celebration for Canada's First Prime Minister Sir John A Macdonald!

A reception will be hosted by MP David Sweet with a short presentation by local historian and member of Hamilton's Sir John A Macdonald Society, Robin McKee.

Date: Thursday, January 11, 2018 -- Sir John A Macdonald's birthday (born 1815)
Time: Drop in between 1:00pm and 3:00pm
Location: 1760 Upper James St. Unit 4 (David Sweet MP Constituency Office)
*Light refreshments will be provided

Please RSVP by the morning of January 11th- (905)-574-0474
... See MoreSee Less

Birthday Celebration for Sir John A Macdonald

 

Comment on Facebook

Would love to attend, but its workday.

3 weeks ago

David Sweet, M.P.

From my family to yours, a very Merry Christmas and best wishes for a Happy New Year! ... See MoreSee Less

Merry Christmas 2017

 

Comment on Facebook

Merry Christmas

Merry Christmas and all the Very, Very Best in 2018!

Merry Christmas David.

Merry Christmas dear David

Merry Christmas David and Almut. Wishing you the best for 2018. 💙🇨🇦💗

Merry Christmas and a Happy and Heathly 2018.

+ View more comments

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