Mr. Speaker, Canadians depend on their pension to retire with dignity. Unfortunately, in Canada, when major corporations go bankrupt, they steal the money that workers have saved in order to pay rich CEOs, banks, and investors first, every time.
Today, we see that Sears employees are at risk of having their pensions stolen from them. Once again, Canada's inadequate bankruptcy laws are letting this company walk away from its pension obligations towards its employees. More than 3,000 employees in Canada, including about 100 in Sherbrooke, may find themselves penniless in their retirement.
Mr. Speaker, it would be unthinkable for your pension or the Prime Minister's pension to be taken away. Why, then, is the government doing nothing for our workers who are losing the pensions they worked so hard to save when it could simply change the law to protect them?
It is time for representatives elected by the people to make decisions for the people.