19.6.5 PROTECTION FOR PRIVATE DEFINED BENEFIT PENSIONS

WHEREAS Governments at all levels have, in most cases, decreased pension security, and

WHEREAS Any improvements to pension security have been minimal and woefully inadequate, and

WHEREAS There are two levels of legislation in Canada that threaten pension security, pension regulations, and insolvency regulations. Solutions are required at both levels, and

WHEREAS There is a federal election on October 21, 2019,

THEREFORE BE IT RESOLVED That the National Pensioners Federation reaffirm its position that pensions should be 100% protected.

THEREFORE BE IT RESOLVED That the National Pensioners Federation work with its’ partners to make extending super-priority to unfunded pension liabilities in the case of insolvency and full pension insurance priority election issues.

THEREFORE BE IT RESOLVED That the National Pensioners Federation call on the other Canadian pension regulators to implement pension insurance programs that cover 100% of any pension loss.

THEREFORE BE IT RESOLVED That the National Pensioners Federation acknowledge that absent full pension protection, 100% solvency funding of pensions is the only alternative to protect pensioners.

Submitted By the Canadian Federation of Pensioners