e-234 (Pension system)
- Keywords
- 8545-421-98-01 Government Response to petitions concerning the pension system
- Companies
- Employment benefits
- Pension guarantees
- Preferred creditors
- Registered pension plans
Original language of petition: English
Petition to the Government of Canada
- Conflict exists between provincial/ federal legislation relative to required pension obligations of companies within Canada;
- The province of Newfoundland and Labrador grants greater protection for pension plans than federal legislation;
- The Companies’ Creditors Arrangement Act (CCAA) protecting companies, to avoid obligations required to meet funding necessary to pay pensions to current and future retirees;
- The CCAA federal legislation is insufficient to protect employee pension plans;
- It is unjust that the CCAA prevails over the Provincial Pension Acts because of constitutional doctrine of federal paramountcy; and
- Insufficient legislation exists to protect retiree benefits (including but not limited to, medical and life insurance benefits).
- Open for signature
- March 9, 2016, at 3:54 p.m. (EDT)
- Closed for signature
- July 7, 2016, at 3:54 p.m. (EDT)
- Presented to the House of Commons
-
Yvonne Jones
(Labrador)
October 31, 2016 (Petition No. 421-00837) - Government response tabled
- December 14, 2016