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Retiree group says Liberal budget fails to support pension reform
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Government of Canada public pensions web page is shown on Tuesday, January 9, 2018. A national group representing about 300,000 pensioners says the new federal budget fails to mention reforms that are necessary to protect people with defined benefit retirement plans sponsored by employers. THE CANADIAN PRESS
TORONTO – The Canadian Federation of Pensioners is calling for amendments to federal insolvency laws to protect members of defined benefit pensions if the employer is insolvent.
The federation, which represents 23 retiree groups with a total of about 300,000 members, renewed its call for legislative changes after the federal budget failed to mention the issue on Monday.