Mr. Speaker, I have a petition from more than 100 residents of Peterborough and surrounding areas. It is on behalf of long service employees who lose their jobs and have locked in pensions.
These petitioners request changes to the Pension Benefits Act, 1985, which was revised in 1990 to bring that act they say in line with the economy of the 1990s and to improve the situation of displaced long term employees.
The petitioners suggest that consideration be given to releasing such pension funds in cases such as financial hardship, the loss of a job, where someone is starting a new business, or where there is no job available. They also suggest that the eligibility age should be reviewed and lowered. I have signed these petitions.