Abandon Bill C-27
Tell Bill Morneau, the Minister of Finance that Bill C-27, an Act to amend the Pension Benefits Standards Act, is an attack on the retirement security of workers.
Please sign and send the letter below. You can also include your own personal comments that will be added to the bottom of the message to Minister Morneau.
The Honourable Bill Morneau
Minister of Finance
House of Commons
Subject: Abandon Bill C-27
Dear Mr. Morneau,
I am very concerned about Bill C-27, An Act to amend the Pension Benefits Standards Act.
This bill is an attack on the retirement security of workers and retirees in the federal private sector and Crown corporations. I am also very concerned that the next step will be a similar attack on the defined benefits pension plan that covers federal public service employees.
Bill C-27 allows employers to convert good, defined benefit pension plans, which provide secure and predictable pension benefits, into a much less secure form of plan. Target benefit plans only aim to provide benefits, and they shift all the risk to active plan members and retirees.
Retirees need to know their benefits are secure. Bill C-27 removes that certainty.
In a 2015 letter to the president of the National Association of Federal Retirees, Prime Minister Justin Trudeau wrote that defined benefit pensions, which have already been paid for by employees and pensioners, should not be retroactively changed into target benefit plans. Yet, this is exactly what C-27 will do.
Your party campaigned on being a real change from the regressive policies and legislation we saw from the former Conservative government. However, Bill C-27 does not reflect this commitment.
This legislation will do nothing to strengthen or expand Canadians’ pension rights and retirement security. Furthermore, it undermines the positive steps your government has already taken, such as the expansion of Canadian Pension Plan benefits.
I urge you to abandon Bill C-27.
Your message will be automatically copied to PSAC's National President, Robyn Benson, and to the Member of Parliament in your riding.