Retirees who worked at the former Abitibi paper mill in Kenora should no longer have to worry about the company trying to claw back their pension benefits, according to the Communications, Energy and Paperworkers Union of Canada.
Why is the solution obvious when it comes to health care but not when we try to build a better pension system? While most Canadians are appalled by the privately run U.S. health-care system, we tolerate a pension system based on similar principles.
OTTAWA -- Workers at Resolute Forest Products mills in Ontario and Quebec today demanded that Quebec's pension regulator, the Régie des rentes, and the company reach an agreement to resolve the solvency deficit in the pension plan without any cuts to benefits.
OTTAWA -- “Retirees have once again been told to go to the back of the line so that banks and hedge funds can collect their winnings,” says Communications, Energy and Paperworkers Union President Dave Coles.
“It’s almost criminal that Canada’s bankruptcy laws continue to force pensioners into poverty,” says Coles, referring to the recent Supreme Court decision that 170 former employees of Indalex Limited would be stripped of the $6.7 million to cover their pensions that had been awarded earlier by the Ontario Court of Appeal.
In July, the provincial premiers instructed their finance ministers to examine proposals to expand the Canada Pension Plan, yet another signal that the Canadian Labour Congress (CLC) campaign to expand the CPP is clearly the most viable option to solving the future pension crisis for today's young people.
Join us in a live webcast on Monday, November 19, as three of Canada's top pension experts debate the various options for expanding the Canada Pension Plan.
WINNIPEG (October 26, 2012) -- The fight for pension justice at MTS Allstream will continue for our members and retirees before the nation’s highest court after the Supreme Court of Canada ruled it would hear an appeal from unions and retirees fighting the case.