Sunny ways were short-lived

The Hamilton Spectator - - COMMENT -

RE: Bill C-27: An­other ero­sion of Cana­dian pen­sions

Mal­colm Buchanan is ab­so­lutely cor­rect in his as­sess­ment of the dan­gers posed by Bill C-27 to de­fined ben­e­fit pen­sion plans in this coun­try.

With this pro­posed leg­is­la­tion, the trail of bro­ken prom­ises by elected gov­ern­ment of­fi­cials rears its ugly head yet again!

If Mr. Trudeau gen­uinely wants to help the strug­gling mid­dle-class in this coun­try, at­tack­ing ex­ist­ing de­fined ben­e­fit pen­sion plans is mis­guided, un­less he and his fi­nance min­is­ter are play­ing into the hands of the cor­po­rate oli­garchies.

True, DB pen­sion plans are a huge legacy cost to cor­po­ra­tions. On the other hand, when it comes to pay­ing share­hold­ers and se­nior ex­ec­u­tives with large bonuses and in­flated com­pen­sa­tion, mil­lions of dol­lars mag­i­cally ap­pear.

I’ve been wait­ing pa­tiently since last Novem­ber for a re­sponse to my con­cerns re­gard­ing Bill C-27 from Mr. Trudeau, Mr. Morneau and my elected MP, Mr. Bratina. It ap­pears the sunny ways of gov­ern­ment trans­parency was short-lived. Michael Cuberovic, Hamil­ton

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