CARP Demands: Put Pensioners First - CARP



2018 Federal Budget Only Mentions Pension Protection Strategy

Finance Minister Bill Morneau stated in the 2018 budget that the government will be consulting with workers, pensioners and businesses on how best to ensure secure retirement for Canadians. It’s a step in the right direction but we must keep the pressure on politicians. CARP will continue to engage its members and concerned citizens to hold the government accountable for protecting pensioners.

Call for the Government to Act on Pension Protection Strategy

It’s been over 100 days since the federal government announced in its 2018 / 2019 budget that it was finally going to take some action to address the critical need to improve pension protection in insolvency. While the budget line was nothing more than a lukewarm promise to consult, it was progress. We thought.

Since then, CARP and its partners have had informal hallway conversations with politicians and bureaucrats about next steps, but nothing more. No concrete steps have been taken to address the risks that face far too many corporate pensioners. After 100 days, there is no excuse for their inaction.

The time is up.

In a matter of weeks, thousands of Sears pensioners will see their pensions slashed, while millions of other Canadians remain at risk. Our retirees deserve better.

CARP has been calling on the government to legislate super-priority status for unfunded pension liabilities. If a company goes bankrupt, pensioners should be paid first! But the government has failed to act.

We must pressure our politicians to do what’s right.

If you believe retirees deserve better treatment, e-mail your MP to demand super-priority for pensioners now.

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Take Action Now

Email Your MP to Put Pensioners First

Please urge your MP to support new laws to protect pensioners in the event of bankruptcy. Pensioners’ financial security and livelihoods depend on it.

Demand the Federal Government:

  • Amend the Bankruptcy and Insolvency Act and the Companies’ Creditors Arrangement Act so pensioners rank ahead of secured creditors in priority of repayment of obligations.

 

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Take Action: Email your Federal Representatives

Sign CARP’s Petition to Put Pensioners First

Demand the Federal Government:

  • Amend the Bankruptcy and Insolvency Act and the Companies’ Creditors Arrangement Act so pensioners rank ahead of secured creditors in priority of repayment of obligations.

Demand Provincial Governments:

  • Make company funded pension insurance mandatory for all provinces. Ontario retirees have some protection. All pensioners should have at least as much.

Become a CARP Member

Join 300,000 Canadians advocating for better health and financial security while receiving membership benefits. Improve lives while getting access to discounts and everyday benefits.

Why Pension Protection and Super-Priority?

 

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Party calls on the government to protect pension security

 

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Letters from Sears Pensioners

 

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Letter from a Sears Pensioner’s Widow

 

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Sears Shouldn’t Be The ‘Business Story of the Year’

 

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ZNews: CARP on Parliament Hill

 

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Super-priority for Pensioners: An Impact Assessment and Policy Prescription

 

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Why is Super-priority the Best Solution for Protecting Pensioners?

 

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What are the parties doing, or not doing, to protect pensioners?

 

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What is This Former Pro-athlete and Sears Pensioner Most Worried About?

 

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Is a New Bill to Protect Pensioners on the Way?

 

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Craving Justice

 

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My Pensioner Story

If you are a Sears Pensioner, please share your story with CARP. We need to hear from YOU!

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Add your voice to over 300,000 Canadians!