Mr. Speaker, I am pleased to take part in the debate at report stage of Bill C-78, an act to establish the Public Service Pension Investment Board and to amend the Public Service Superannuation Act, the Canadian Forces Superannuation Act, the Royal Canadian Mounted Police Superannuation Act, the Defence Services Pension Continuation Act, the Royal Canadian Mounted Police Pension Continuation Act, the Members of Parliament Retiring Allowances Act, the Canada Post Corporation Act, and so on.
This bill is of particular interest to me since I rose several times in this House to defend the rights of seniors as a spokesperson for seniors and seniors organizations.
The purpose of this bill is to make changes to public sector pension plans. Contrary to what the President of the Treasury Board said, federal employees and retirees are concerned about these changes. The Bloc Quebecois is obviously against this bill.
The amendments brought forward by the Bloc Quebecois are aimed at implementing a true joint management system for public sector pension plans.
On April 12, the President of the Treasury Board stated in this House that federal employees should not worry about the future. He said, and I quote:
Therefore, current and past federal public service employees need not worry about the future, because it is precisely to preserve the financial future of these pension plans that the government decided to act.
The pension plans of the public service, the RCMP and the armed forces have, in recent years, accumulated a total surplus of some $30 billion.
The Bloc Quebecois cannot allow the government to act unilaterally and make major changes to the employees' pension plans. It is a rip-off.
The Bloc Quebecois has always said the same thing about pension plans. They must not be changed to the detriment of seniors. This is certainly not the first time the government has tried to reduce its debt to their detriment. Seniors have always spoken out strongly.
The consultation of government's partners over several months was a failure. So there was no agreement on the necessary reforms.
Clearly, there is some similarity in strategy here with the federal government's control over the surplus in the employment insurance fund, which has accumulated in recent years. The federal government claims that this surplus belongs to it, as do the surpluses that concerns us in Bill C-78.
Seniors are no fools. I recently attended a demonstration on Parliament Hill. The message was clear: the surpluses belong to those who are retired, and they will never let the government appropriate it.
Furthermore, seniors do not want the government to appoint their friends to manage the surpluses by unilaterally creating a public sector pension investment board according to its criteria on equity.
This board cannot be independent of the government. I share the opinion of my colleague from Saint-Bruno—Saint-Hubert, who mentioned on April 12 that the government should follow the example of the Caisse du dépôt et placement in Quebec.
This is how the Bloc Quebecois came to ask the government to honour its promise to submit the management of the public service pension plan to a real system of joint management. A management board comprising representatives of the employer, employees and retired employees must be set up.
Bill C-78 does not move in that direction. The purpose of the joint management council proposed by the Bloc Quebecois would be to set up a pension fund, to plan its financing, to manage any surplus or deficit, to manage the plan itself and to ensure adequate financing for the benefits to be paid.
Also, all of the legislation concerning the federal public sector pension plans must be subject to the Pension Benefits Standards Act. Consequently, a number of judicial rules would control the use of any future surpluses. The regulations established under this piece of legislation will set out the criteria the employers will have to meet.
Pensioners want to be treated fairly. It is normal that the surplus that belongs to them be used in part to increase their benefits. The federal government's unilateral misappropriation of $30 billion is a true insult to seniors. The surplus should belong to both the employer and the employees.
We agree that pension plans should be allowed to be invested on the stock market, but we do not agree with the government taking the $30 billion surplus. As I said earlier, it is a rip-off. The surpluses should be used on the one hand to improve the pension plan and, on the other hand, to set up the retirement fund being created under Bill C-78.
Losses can also be incurred on the stock market. That is something we have to think about. The federal government should not neglect the people who worked all their lives to be able to enjoy a decent and well-deserved retirement.
Let us recall the “Goodbye Charlie Brown” episode, under the Mulroney government. Many seniors fight for their rights, and we should not forget that 1999 is the international year of the older person. Seniors should get everything they are entitled to. A commemorative stamp is not enough.
Also, this year's theme for international women's day was “Going strong”. Retired women are something of a majority among retired public servants, and they are sometimes among the most underprivileged. In the past, the Bloc Quebecois has often complained about continuous intrusions by the federal government.
For example, the federal government tried to put in place for 2001 a new benefit based on family income, which would have the effect of depriving a number of women of their only independent source of income. We realize that Bill C-78 will have an impact on the lifestyle of many retired people.
In 1995, the federal government also tried to amend the Income Tax Act, through Bill C-282, to eliminate the deduction for taxpayers over age 65 who are entitled to the disability income tax credit.
This in further evidence that the federal government is trying to pay off its debt on the backs of the underprivileged, and more particularly senior citizens.
The Bloc Quebecois is against Bill C-78, because it will allow the government to grab the $30 billion surplus in the public service pension plans. The amendments the Bloc Quebecois has moved are needed to correct this flaw.