Pension plans separate rich from the rest
Re Morneau and Trudeau looking out for the rich, McQuaig, Nov. 23 Thanks to Linda McQuaig for highlighting the Liberal government’s plan to convert guaranteed pension plans to the much riskier defined plans, which guarantee nothing.
I have only read about this issue in articles about the conflict of interest issues around Finance Minister Bill Morneau. In my opinion, people would be less outraged about Morneau if they were made aware of the pension change that could drastically change their lives.
I’m hoping the Star will run a front-page weekend editorial about this pension issue because I’m betting most people know nothing about the changes the Liberal government is quietly planning to pass.
We frankly have no opposition in the federal government to hold the Liberals accountable. We should all be outraged and frankly very afraid about our financial futures. The rich continue to get richer and the middle class poorer. Marnie Archibald, Barrie It’s clear that the Trudeau government, for all its noise about the plight of the middle class, is still primarily in the service of the wealthy and the corporate elite. Why else would they follow Harper’s Tory path and try to put an end to defined pensions?
Thanks to McQuaig, we are reminded again of Morneau’s determination to maintain the priority and preferential position of corporate CEOs and shareholders over the interests of employees. Of course, employers would rather have employees take their chances on retirement security. Of course, corporate officers prefer to maintain their own defined and generous pensions. But these are feudal attitudes. Our society is less and less fair, more jobs are more and more precarious and retirement security is available only to the wealthy. This is a situation that deserves far more editorial attention and the big headlines as well. Bruce Rogers, Lindsay