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

7 days ago

David Sweet, M.P.

I'm honoured to take on my new role as Shadow Minister for International Human Rights and Religious Freedom. See my news release below: ... See MoreSee Less

Im honoured to take on my new role as Shadow Minister for International Human Rights and Religious Freedom. See my news release below:

 

Comment on Facebook

They couldn't have chosen a better person!!! Congrats! That will be some important, and good work!

Give it to the perfect person, Excellent David Sweet. So proud of you, and Thank You.

Congratulations David.

Congratulations

Excellent.

Congratulations. Remember that Christians are persecuted also. Thank-you!

The right person at the right time. Nothing but the best! You will lead by example, others will follow! Congratulations David Sweet, M.P.

Great news a David! Will pray for wisdom and protection.

Congratulations for your dedication and consistent efforts to improve human rights around the world. And big salute to you.

Thanks for taking this role. I will definitely be praying for you! 🙏

Me and my family are really appreciate for what you are doing.God bless you. 🙏🙏

Congratulations , you’re the RightSll Man for this Position.

Congratulations! For such a time as this! <3

Perfect. It's just so right. And we are so PROUD of you David.

Congratulations David Sweet .Keep on keeping on...

Congratulations David, well deserved.

Congrats!! I can’t think of a better person for the job.

Congratulations!

heartfelt congratulations!

Congratulations!

Congratulations! You are in your element!

Congratulations David!

Congratulations

Congratulations David!

Congratulations

+ View more comments

7 days ago

David Sweet, M.P.

Please help an organization that helps so many in our community. The Salvation Army Kettle Drive is on and their will be an opportunity all across our community to give. If you are in Waterdown this morning I will be at Walmart until noon. Merry Christmas and please give generously. ... See MoreSee Less

Please help an organization that helps so many in our community. The Salvation Army Kettle Drive is on and their will be an opportunity all across our community to give.  If you are in Waterdown this morning I will be at Walmart until noon.  Merry Christmas and please give generously.

 

Comment on Facebook

David thank you for being the humble servant that you are both in Parliment and in the community and setting an example for others. Merry Christmas to you and your family!

Thanks for doing this! We try to do it each Christmas as well. Great cause.

Thanks David for sharing your time to make it a beautiful Christmas for others

God Bless you brother.

What, no Santa suit?

God for you David at this busy time. You are a good supporter!

Ask Trudeau.

+ View more comments

2 weeks ago

David Sweet, M.P.

Today is the day for our champions! Go Cats go!

Hamilton Tiger-Cats
The chosen few.
... See MoreSee Less

3 weeks ago

David Sweet, M.P.

Some pictures from our Community Open House last night. We had 60+ community supporters in attendance. It was a beautiful night of community, friendship, and sharing. People had questions answered about the work we do in the community, how we change lives, and also had the opportunity to meet new faces. And, of course, the door prizes, the cake (thank you to Rachel Bernholtz), and laughs were tremendous. Our Staff Team, Board, and Volunteers worked really hard to bring a special night to the community, and is something we are hoping to do on an annual basis moving forwards. A very special thank you to Redbreast Digital for designing our logo, to Soleil Studio for creating the stunning tribute sign for Carol Krames, to Gustavo Rymberg and the The Hamilton Jewish Federation for creating our beautiful new banner complete with agency values, to Ward 13 Councillor Arlene VanderBeek's Office, Monique Taylor, MPP for Hamilton Mountain, Sandy Shaw, Donna Skelly, David Sweet, M.P. , @HamiltonsMayor, and our friends at CIJA. ... See MoreSee Less

4 weeks ago

David Sweet, M.P.

Fabulous turnout for our annual Luncheon with the Mayor held at the beautiful Glendale Golf and Country Club!! Thanks to all who came out!! Thank you Fred Eisenberger for your support of our chamber!! And thank you so much to our sponsors for event: Meridian Credit Union, Hamilton Economic Development, Tripemco Burlington Insurance, Terrapure Environmental, and RBC Royal Bank!!!! Your continued support of our chamber makes these events possible! It was also wonderful to see David Sweet, M.P., past Mayor Larry DiIanni and former Stoney Creek Mayor Anne Bain out to the Luncheon! ... See MoreSee Less

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