Mr. Speaker, today Nortel pensioners, devastated about what is happening to their pension and disability benefits, have come to Parliament Hill to demand action from the government.
Every day we are reading in the papers that Canada's pension system is in crisis. I am hearing from Canadians all across the country, including constituents from your riding of Kingston and the Islands, Mr. Speaker, about their concern for the Nortel pensioners and the safety of their pensions in the future.
If retirees are fortunate, they may receive 60ยข on the dollar from their pension. More likely, they will receive less. Retirees on disability benefits will receive next to nothing.
The government must take action now to secure the pension and disability benefits for the Nortel pensioners and take steps to ensure that this will never happen to the pensions of countless other Canadians in the future.