Convention: 2017

WHEREAS employers promised current employees, and retirees defined benefit pensions as part of their compensation. These pensions are a form of deferred wages, and

WHEREAS we believe a deal is a deal, and employers should not be able to take back compensation they promised to their employees or retirees, and

WHEREAS this issue is important to every Canadian. If you yourself are retired, have a family member who is retired or one day wish to retire, this issue has a direct impact on you and your retirement security; and

WHEREAS that there is a sacred trust for the federal government to protect the retirement income security that’s already been earned by millions of Canadians in defined benefit plans,

THEREFORE BE IT RESOLVED That the Prime Minister keep his promise made to the National Association of Federal Retirees in writing that defined benefit plans which have already been paid for by employees and pensioners should not be retroactively changed.

Submitted by USCO