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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17 hours ago

David Sweet, M.P.

Let's get outside and enjoy the amazing weather. Celebrate the great weather and the newly opened parts of our community.

Many conservation areas, trails and golf courses have opened up in Flamborough-Glanbrook and the greater Hamilton area over the past couple weeks so get your family outside for a fun activity!
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20 hours ago

David Sweet, M.P.

Met these fine folks at the Symposium in Hannon (Rymal Road East). The owners and staff want you to know the patio is OPEN! Yes we are 2 meters apart for this #FlamGlan ... See MoreSee Less

Met these fine folks at the Symposium in Hannon (Rymal Road East). The owners and staff want you to know the patio is OPEN! Yes we are 2 meters apart for this #FlamGlanImage attachment

Comment on Facebook 14043761823_10157479797751824

The one in Waterdown is open and the patio is amazing as well!

Good to know

Happy Canada Day! Out with the family this Canada Day supporting our local businesses in Flamborough-Glanbrook (this one here in Upper Stoney Creek) and the people they employ! We decided Poutine was appropriate for a Canada Day appetizer. #FlamGlan #hamont 🇨🇦🇨🇦🇨🇦 ... See MoreSee Less

Happy Canada Day! Out with the family this Canada Day supporting our local businesses in Flamborough-Glanbrook (this one here in Upper Stoney Creek) and the people they employ!  We decided Poutine was appropriate for a Canada Day appetizer. #FlamGlan  #HamOnt 🇨🇦🇨🇦🇨🇦Image attachmentImage attachment

Comment on Facebook 14043761823_10157478068706824

Oh that gooey goodness. brings back some fond memories.

Happy Canada Day.

looking great..

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2 days ago

David Sweet, M.P.

Canadians have proven over the last few months that our country has lots to celebrate. Enjoy today with your friends and family but remember to follow the proper health guidelines. Wear masks and keep appropriate distance. Happy Canada Day! 🇨🇦🇨🇦‬ ... See MoreSee Less

Comment on Facebook 10157475900556824

We Do - Thank you for your hard work, dedication, service and care for your constituents and our Country!

Thank you David Sweet and Team for being our voice for the rest of Canada! Happy Canada Day to you! 🇨🇦

Happy Canada Day David! 🇨🇦

Thank you DAvid. 🇨🇦🇨🇦

Happy Csnada Day from Edmonton.

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