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

18 hours ago

David Sweet, M.P.

Today is Pink Shirt Day. Whenever someone deliberately uses their power to hurt, frighten, exclude, or insult someone else they are a bully. Whether it's at work, school, or online, bullying takes on many different forms but it is always harmful, unwanted behavior.

Let's come together today to show that bullying has no place in Canadian society. It's time to stop bullying for good.
... See MoreSee Less

Today is Pink Shirt Day. Whenever someone deliberately uses their power to hurt, frighten, exclude, or insult someone else they are a bully. Whether its at work, school, or online, bullying takes on many different forms but it is always harmful, unwanted behavior.

Lets come together today to show that bullying has no place in Canadian society. Its time to stop bullying for good.

2 days ago

David Sweet, M.P.

The blockade on the rail tracks near York Boulevard continues -- disrupting GO trains for Hamilton and Niagara. This is making an already difficult daily commute worse.

Today I asked the Minister of Public Safety when the Liberal Government will act and end these illegal blockades.

The Minister avoided the question.
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Comment on Facebook

Liberals can never answer a question and for God's sake would be a fall off your chair moment if they actually took stand as government and said enough and full charges to these protesters who think they are above the law. New job for unemployed...protest

Me thinks the horse is already out of the barn, and as the boundaries get pushed and there is no response we keep pushing. Our country is at risk.... thinking about moving my own investments out of Canada before we have another 2008

How would you approach resolving these protests without aggravating the issues further David?

I always find it amazing how the liberals avoid clear questions. Guess they take after their party leader.

Thank you for speaking up! Caledonia bypass is an issue too!

When he act as he is getting paid to work!

NON-CONFIDENCE VOTE ASAP!!!!!

Let's do a Mike Harris! Problem solved.

Where tru dope

He avoided the question ...well what a sunrise....is a a liberal with a back bone that is not made from over cooked spaghetti ?

Of course he didnt. What does he care? Doesnt effect the globalist agenda

What a DRUNKEN FOOL THAT ASS HOLE IS!

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2 days ago

David Sweet, M.P.

Mark your calendars -- on Saturday, March 14th I will be holding Community Office Hours in Waterdown for constituents who may not be available to contact my office during regular business hours.

I'll be available to help with any federal matters and meet with you to hear your concerns. These upcoming Community Office Hours will be held from 9:00am to Noon at Waterdown Manor -- 335 Dundas St East in Waterdown.

To book a specific time to meet me on March 14th, please phone my office at 905 648-3850 or email us at david.sweet@parl.gc.ca

My door is open for you -- the people of Flamborough-Glanbrook!
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Mark your calendars -- on Saturday, March 14th I will be holding Community Office Hours in Waterdown for constituents who may not be available to contact my office during regular business hours.

Ill be available to help with any federal matters and meet with you to hear your concerns. These upcoming Community Office Hours will be held from 9:00am to Noon at Waterdown Manor -- 335 Dundas St East in Waterdown.

To book a specific time to meet me on March 14th, please phone my office at 905 648-3850 or email us at david.sweet@parl.gc.ca

My door is open for you -- the people of Flamborough-Glanbrook!

 

Comment on Facebook

Easily my favourite MP ☀️

3 days ago

David Sweet, M.P.

The Application Period for Canada Summer Jobs (CSJ) 2020 has been extended in order to allow more employers the opportunity to submit an application for funding. The deadline to apply is now this Friday, February 28, 2020, 9:00AM Eastern Standard Time.

For more information please visit www.canada.ca/Canada-summer-jobs
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The Application Period for Canada Summer Jobs (CSJ) 2020 has been extended in order to allow more employers the opportunity to submit an application for funding. The deadline to apply is now this Friday, February 28, 2020, 9:00AM Eastern Standard Time.

For more information please visit http://www.canada.ca/Canada-summer-jobs

 

Comment on Facebook

ummm... do you have to swear to vote Liberal for the rest of your life in order to get one of these jobs? What politically correct strings are attached?

But no Christians allowed...especially if you believe in any kind of rights for the unborn. 😢

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