Pension Protection
Préambule
WHEREAS federal and provincial bankruptcy laws allow pension funds to be captured as property of the employer in bankruptcy, in order to pay creditors of the employer;
WHEREAS, due to those bankruptcy laws, Canadian courts have often reduced benefits to workers guaranteed by their pension plans; and
WHEREAS Justice James Farley, Ontario Superior Court, has warned that pension funds and pension benefits earned by workers are now at risk in law, asking for pension and bankruptcy laws to be reviewed by federal and provincial governments;
Dispositif
BE IT RESOLVED that, in order to protect the pension benefits which workers have earned and the capital and earnings of Pension Trust Funds created by their contributors and the contributions from their employers required by law, The Green Party of Canada calls upon the Government of Canada and the Government of Manitoba to revise bankruptcy laws, in order to prevent any employer in bankruptcy from gaining possession of the Pension Trust Funds, its capital, and its earnings which that employer administers in trust.
Contexte
Pension plans in Canada seem to be under attack and need to be protected in order to secure the future of retirees.
Currently, when bankruptcy occurs, the retiree is most open to abuse or or losing all or part of their pensions.
Code
Type de résolution
Auteur
Commentaire officiel du parti
The resolution is consistent with earlier approved policy, complementary to G08-p098 and does not conflict with other resolutions being presented.
Préambule
WHEREAS federal and provincial bankruptcy laws allow pension funds to be captured as property of the employer in bankruptcy, in order to pay creditors of the employer;
WHEREAS, due to those bankruptcy laws, Canadian courts have often reduced benefits to workers guaranteed by their pension plans; and
WHEREAS Justice James Farley, Ontario Superior Court, has warned that pension funds and pension benefits earned by workers are now at risk in law, asking for pension and bankruptcy laws to be reviewed by federal and provincial governments;
Dispositif
BE IT RESOLVED that, in order to protect the pension benefits which workers have earned and the capital and earnings of Pension Trust Funds created by their contributors and the contributions from their employers required by law, The Green Party of Canada calls upon the Government of Canada and the Government of Manitoba to revise bankruptcy laws, in order to prevent any employer in bankruptcy from gaining possession of the Pension Trust Funds, its capital, and its earnings which that employer administers in trust.
Commanditaires
Contexte
Pension plans in Canada seem to be under attack and need to be protected in order to secure the future of retirees.
Currently, when bankruptcy occurs, the retiree is most open to abuse or or losing all or part of their pensions.
Commentaire officiel du parti
The resolution is consistent with earlier approved policy, complementary to G08-p098 and does not conflict with other resolutions being presented.