Mr. Speaker, I rise today with two petitions to present.
The petitioners call upon Parliament to affirm that pension benefits are in fact deferred wages, to elevate defined benefit pension plans to secured status under the Bankruptcy and Insolvency Act and the Companies' Creditors Arrangement Act, and to pass into law any legislation before it that would achieve these objectives. This petition is signed by hundreds, and perhaps even thousands, of Canadians.
I remind those present here today that these petitioners and millions of other Canadians across Canada will be watching very closely this coming Wednesday when Bill C-501 comes before the House for a vote at report stage.