moved for leave to introduce Bill C-488, An Act to amend the Employment Insurance Act and the Employment Insurance Regulations (excluding pension from earnings when calculating employment insurance benefits).
Mr. Speaker, I am pleased to rise this afternoon to introduce my private member's bill.
Currently, Canadians who receive pension income and wish to continue to work or go back to work are forced to pay employment insurance premiums, but they would most likely not benefit from the insurance plan if they were laid off. The reason is that their pension income is currently considered as revenue and offsets the insurance benefits. My bill plans to change that so that their pension income would not be in that calculation.
I am bringing this bill forward for two basic reasons. First is the issue of fairness. I do not believe that any Canadian should be paying into an insurance plan when he or she could never benefit from the plan. Second, given the current labour shortage in this country, it is a total disincentive for people to go back to work or to continue working once they are receiving a pension.
This is a correction.
This is good for Canadian seniors and Canada's economy. I thank my colleague from Madawaska—Restigouche for his support. I plan to convince my other colleagues in this House to support this bill.
(Motions deemed adopted, bill read the first time and printed)