Negotiations have barely started and already, the public attacks on postal workers’ pensions have begun. This week, the National Post ran an op-ed attacking postal workers’ pensions. Terrence Corcoran goes beyond all sane limits, not only painting a biased picture of the pension plan, but in fact blaming postal workers for “concocting” Finance Minister Bill Morneau’s glaring conflict of interest.
Members of Unifor have occupied the Northstar Aerospace plant in Milton, Ontario. The plant was purchased by Heligear Acquisition Co. in 2012. Heligear intends to move the plant to Chicago, cutting jobs and leaving the workers’ pension with a massive deficit. Unifor members at Northstar have been told their pension will be reduced by 25%. After months of negotiations, Unifor has been forced to take drastic action.
Late last year, the government introduced legislation that attacks the stability of federally-regulated pension plans. Bill C-27 would create a framework for the conversion of defined benefit pension plans into target benefit plans. The bill was met with outrage from the labour movement, as it was introduced without any consultation whatsoever.
Support Postal Banking - Download and Sign the Petition
Canada needs a postal bank. Thousands of rural towns and villages in our country do not have a bank, but many of them have a post office that could provide financial services. As well, nearly two million Canadians desperately need an alternative to payday lenders. A postal bank could be that alternative. Download and sign the petition urging the Government of Canada to instruct Canada Post to add postal banking, with a mandate for financial inclusion.