Mr. Speaker, pursuant to Standing Order 36 and as certified by the clerk of petitions, I am pleased to present a petition from constituents in my riding of Mississauga South and particularly from Nortel pensioners, retirees and particularly those Nortel long-term disability recipients whose benefits are at risk.
The petitioners are calling upon Parliament to amend the Companies' Creditors Arrangement Act and the Bankruptcy and Insolvency Act to protect the rights of all Canadian employees, and to ensure that employees laid off by a company who are receiving a pension or long-term disability benefits during bankruptcy proceedings obtain preferred creditor status over other unsecured creditors.
They are also asking that the Bankruptcy and Insolvency Act be amended to ensure that employee-related claims are paid from the proceeds of Canadian asset sales before funds are permitted to leave the country.