We have confirmation that Bill C-27 – the government’s proposal to amend the Pension Benefits Standards Act – has been put on temporary hold. As a result of the concerns expressed by the labour movement and others such as the CBCPNA, there will be further consultation on the Bill. A letter we received from the Minister of Finance’s office solicits views on the matter, including potential solutions to address the concerns raised, and adds that “The Government will not move forward with the legislation in Parliament until this engagement process is closed.”
This is, obviously, good news – but our concerns remain. On behalf of all CBC retirees, the Association will actively participate in this consultative process. In the meantime, if you haven’t yet written to your Member of Parliament, please consider doing so now. Here are links to the CBCPNA’s position statement and to a draft MP letter that’s been updated to recognize the government’s decision to seek more input.
This is a critical issue for both retirees and for the generations of pensioners to come. And it is far from being resolved. We need everyone’s efforts to assure a favourable outcome!
You can find your MP information on this website:
CBCPNA's official position