Fin in the House: Liberals must withdraw C-27

Mr. Speaker, proposed changes to pensions in Bill C-27 have constituents in my riding of Port Moody—Coquitlam, Anmore, and Belcarra worried about their future.

This bill would allow defined benefit plans to be converted to unsecured targeted benefit plans, placing all the financial risk on workers. This is short-sighted, ill-advised, and unfair.

Pensions are deferred wages, and they belong to the workers who have earned them. After working all their lives and sacrificing pay and benefit improvements to secure a reliable pension plan, Canadians deserve a fair, decent pension that they can count on.

New Democrats strongly oppose Bill C-27 and ask that it be withdrawn immediately.