Sunny ways were short-lived
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