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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Merry Christmas to your Excellency and your loving family

Merry Christmas to you and yours 🌲😊🌲😊

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David Sweet, M.P.

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David Sweet, M.P.

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.......uhhh.....that's my brother. ..........

1 week ago

David Sweet, M.P.

Yesterday I met with Alyssa Ryvers to discuss training schools and the impact these horrific institutions and those like them have had and continue to have on survivors. Thank you for meeting with my Alyssa!This week, Duplessis Orphan Herve Bertrand and I went to Parliament Hill to meet with Member of Parliament David Sweet, M.P., to discuss parallels between the experience of Quebec's Duplessis Orphans, and that of survivors of Ontario Training Schools. Earlier this year, Mr. Sweet, himself a survivor of St. Joseph's Training School, called on the Ontario government for an inquiry into the abuses that took place at those institutions: www.thestar.com/amp/news/canada/2018/01/19/justice-is-long-overdue-for-training-school-survivors-...

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I messaged MP David Sweet ahile back maybe 3 months ago, he didn't respond, I realize he must have a heavy schedule.

My brother and I were in St. Joseph's training school, my lawyer did want to represent me because there was no sexual abouse involved. I don't get it. Greed I think.

Thank you, Mr. Sweet, for having so generously shared of your time, experience, and hopes with us. You are a mensch, and I very much admire the work you've done and are doing to bring light and justice to a great injustice.

1 week ago

David Sweet, M.P.

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Good luck Steve and Team Canada! Bring home the gold!
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2017-11-23T18:37:41+00:00