An online petition was launched on the House of Commons website by Ms. Louisette Hinton, President of the C2V2 Retirees Coalition, and sponsored by Ms. Marjolaine Boutin-Sweet of the NDP. The purpose of this petition is to seek legislative changes from the federal government to protect our pension plans so that they are now considered priority creditors in bankruptcies and corporate restructuring.
Requesting that our pension plans be considered priority creditors in the event of bankruptcy or insolvency of employers is a claim demanded by the Canadian Labour Congress (CLC), the National Assembly of Quebec and pensioners, in particular by those who, in recent years, have been the victims of income cuts as a result of such situations. If their pension plan had been considered priority creditor, the cuts at the time could have been less. Since the adoption of various provincial legislation which have weakened our pension systems and the ensuing economic crises, it would certainly be risky to claim today that we are completely immune to such events.
You are therefore invited to sign this important petition by clicking on one of the links below and following the instructions that will appear on the screen:
or simply on Google by registering: petition e1165
• NB After providing the requested information, you will receive an automatic e-mail inviting you to confirm your signature. This confirmation must take place before your signature is counted.
• Additionally, you cannot sign a single petition more than once.