Mr. Speaker, Canada Post entered contract talks determined to create a two-tier system of pensions, meaning that existing employees would continue to get a guaranteed income at retirement, but new hires would be put on a defined contribution plan. The employer makes regular payments into employees' pension funds but offers no commitment to what the payout will be.
Meanwhile, census figures from Statistics Canada show that younger workers were earning less in 2005 than their parents were a generation earlier.
I am wondering if my hon. colleague could tell the House about the kind of precedent this back to work legislation sets for future generations of workers entering the workforce, many of whom will be young Canadians who already fall within the lowest income brackets of our country.