Unifor’s campaign against Bill C-27 has forced the federal government to take a step back, halting the bill’s progression. The campaign continues to seek full withdrawal of the proposed legislation, which threatens pension security for members in federally regulated sectors.
“This shows the power of political lobbying,” said Jerry Dias, National President. “The Liberal government tried to ram this through but the tremendous online response has made them think twice.”
To date, over 2,600 members and retirees have signed Unifor’s online petition, sending a clear message to the government that Bill C-27 is an attack on workers and retirees.
As a result, the Ministry of Finance announced further consultation before proceeding with the legislation.
Bill C-27 would allow Federal employers to convert defined benefit pensions to target benefit pensions, eliminating the legal obligation to deliver promised benefits. This conversion could reduce pension payments as plan members assume virtually all financial risk and responsibility to cover funding deficits.
If the Ministry of Finance has invited your Local to make a submission on C-27 contact Pensions and Benefits by emailing firstname.lastname@example.org
For more information visit unifor.org/stopC27.