Mr. Speaker, I rise today to present two petitions on the same subject.
The petitioners point out that before the 2015 federal election, Canadians were clearly promised in writing that defined benefit pension plans, which have already been paid for by employees and pensioners, should not be retroactively changed into target benefit plans.
They also point out that Bill C-27, tabled by the Minister of Finance, permits precisely this change, thereby jeopardizing the retirement income security of Canadians who have negotiated defined benefit plans as a form of deferred wages.
The petitioners are calling on the Government of Canada to withdraw Bill C-27, an act to amend the Pension Benefits Standards Act.