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.

It's a very warm Sunday afternoon and Binbrook Fair is busy! Thanks to Binbrook Agricultural Society and all the Fair volunteers for all you do. Special thanks to all the volunteers at my booth. Binbrook Fairgrounds Binbrook, Ontario #FlamGlan ... See MoreSee Less

Its a very warm Sunday afternoon and Binbrook Fair is busy! Thanks to Binbrook Agricultural Society and all the Fair volunteers for all you do. Special thanks to all the volunteers at my booth. Binbrook Fairgrounds  Binbrook, Ontario #FlamGlan

 

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3 days ago

David Sweet, M.P.

Binbrook Fair is on this weekend. If you and your family are at the Fair, be sure to stop by my booth to say hello. We're in building 6. Binbrook Fair Binbrook, Ontario #FlamGlan ... See MoreSee Less

Binbrook Fair is on this weekend. If you and your family are at the Fair, be sure to stop by my booth to say hello. Were in building 6. Binbrook Fair Binbrook, Ontario #FlamGlanImage attachment

3 days ago

David Sweet, M.P.

Can't thank my amazing team enough for all their work on a hot September Saturday morning -- pounding the pavement for the Conservative Party of Canada - Parti conservateur du Canada and me in Binbrook. #FlamGlan ... See MoreSee Less

Cant thank my amazing team enough for all their work on a hot September Saturday morning -- pounding the pavement for the Conservative Party of Canada - Parti conservateur du Canada and me in Binbrook. #FlamGlanImage attachment

 

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One Help can Change A Life Dear....

Canvassing in Ward 15 for city council election on Ocober 22 today as well. It is sweltering. Thank you to those who have offered cookies, water and one person offered us a dip in their pool.!!

You guys rock!

1 week ago

David Sweet, M.P.

Today my thoughts are with the over 3000 men and women who died and their families as a result of the 9/11 attacks exactly 17 years ago today.

We will never forget.
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Today my thoughts are with the over 3000 men and women who died and their families as a result of the 9/11 attacks exactly 17 years ago today. 

We will never forget.

 

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We Remember! Never Forget!

2 weeks ago

David Sweet, M.P.

Conservative Party of Canada - Parti conservateur du Canada
This is Tyler.

www.LiberalDebt.ca
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... we are NOT ...ok with this !

Trudeau is a Fruit-Loop.

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