Bill C-361 (Historical)

An Act to amend the Public Sector Pension Investment Board Act (reduced risk)

This bill is from the 40th Parliament, 2nd session, which ended in December 2009.

Sponsor

Wayne Marston  NDP

Introduced as a private member’s bill. (These don’t often become law.)

Status

Outside the Order of Precedence (a private member's bill that hasn't yet won the draw that determines which private member's bills can be debated), as of April 20, 2009
(This bill did not become law.)

Similar bills

C-361 (40th Parliament, 3rd session) An Act to amend the Public Sector Pension Investment Board Act (reduced risk)

Elsewhere

All sorts of information on this bill is available at LEGISinfo, an excellent resource from Parliament. You can also read the full text of the bill.

Bill numbers are reused for different bills each new session. Perhaps you were looking for one of these other C-361s:

C-361 (2023) Albanian Heritage Month Act
C-361 (2017) An Act to amend the Bills of Exchange Act, the Interpretation Act and the Canada Labour Code (National Aboriginal Day)
C-361 (2013) An Act to amend the Canada Labour Code (minimum age of employment)
C-361 (2011) An Act to amend the Canada Labour Code (minimum age of employment)

Public Sector Pension Investment Board ActRoutine Proceedings

April 20th, 2009 / 3:05 p.m.

NDP

Wayne Marston NDP Hamilton East—Stoney Creek, ON

moved for leave to introduce Bill C-361, An Act to amend the Public Sector Pension Investment Board Act (reduced risk).

Mr. Speaker, I am pleased to put before the House today an act to amend the Public Sector Pension Investment Board Act in regard to reduced risk.

I was recently travelling through southwestern Ontario and heard from many seniors and workers who are on the verge of retirement and are very concerned about whether they will have a public pension in place when they retire.

The enactment of the bill would amend the Public Sector Investment Board Act to provide that the board shall only make investments that have a low risk of loss.

It would also enact provisions for additional information to be included in the annual report of public sector pensions for the investment board.

One of the things people said to me was that they were tired of having fund managers treating their retirement savings like chips from a casino. We are going to shine a light on this.

(Motions deemed adopted, bill read the first time and printed)