moved for leave to introduce C-394, an act to amend the Pension Benefits Standards Act, 1985 (investment criteria).
Mr. Speaker, it gives me pleasure today to introduce this bill to amend section 7.4 of the Pension Benefits Standards Act, 1985, in order to require the administrator of a pension fund to prepare an annual report of the social, ethical and environmental factors that have been considered, during the previous fiscal year, in the selection, retention and liquidation of investments under the administrator's responsibility, as well as in the exercise of any rights, particularly voting rights, thereto associated.
The administrator provides, without charge, a copy of the report to every member who requests it.
(Motions deemed adopted, bill read the first time and printed)