Madam Speaker, I am honoured to rise and table a petition on behalf of constituents from Port Alberni, Coombs, Nanoose Bay, Parksville and Qualicum Beach.
The petitioners call on the government to withdraw Bill C-27, an act to amend the Pension Benefits Standards Act, 1985.
The petitioners point out that during the 2015 federal election, Canadians were clearly promised in writing that defined benefit plans that have already been paid for by employees and pensioners would not be retroactively changed into target benefit plans.
Bill C-27 was tabled by the Minister of Finance. It would permit this change, thereby jeopardizing the retirement income security of Canadians who have negotiated defined benefit plans as a form of deferred wages.
The petitioners call on the Government of Canada to withdraw Bill C-27, an act to amend the Pension Benefits Standards Act, 1985, and protect their pensions.