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Decentralized Democracy

House Hansard - 31

44th Parl. 1st Sess.
February 15, 2022 10:00AM
Context: House Hansard - 31 - Feb/15/22
Ms. Marilyn Gladu
  • Feb/15/22 12:55:31 p.m.
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  • Re: Bill C-12 
Mr. Speaker, I am definitely always happy to talk about my private member's bill. The problem is that we have seen seniors work their whole lives and expect to have a pension to retire on, and then the company goes bankrupt, pays big bonuses out to their executives and leaves the seniors with either no pension or pennies on the dollar. What got me going on this was a neighbour of mine, who worked for Sears for 30 years and ended up getting 70 cents on the dollar after 30 years of working. My bill is going to keep that from happening, first of all by giving transparency to see whether there is solvency in the fund; second, by creating a mechanism to top up that fund if it is not solvent; and third, by making sure that if companies do go bankrupt, the people who have worked all their lives and paid into their pensions receive their pensions before big bonuses are paid out or large corporations are paid out.
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Context: House Hansard - 31 - Feb/15/22
Mr. Francesco Sorbara
  • Feb/15/22 1:14:40 p.m.
  • Watch
  • Re: Bill C-12 
Mr. Speaker, it is great to see the member for Hamilton Centre, whom I had the chance to work with at the public accounts committee. We have always had the backs of seniors. We are putting in place $742 million, which will represent a one-time payment for thousands of seniors who were impacted in this instance by how taxable income was calculated. Going forward, there will be no impact on seniors. Seniors can rest assured that we will continue to have their backs and that they will be able to retire today and tomorrow with a secure and dignified retirement.
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