To everyone’s surprise, Minister of Finance Bill Morneau has tabled a bill to establish target benefit pension plans for private sector employers under federal jurisdiction and Crown Corporations. Postal workers are directly affected, and we strongly oppose this Bill.
Among other things, this Bill would:
This Bill is a direct attack on the rights we have acquired over many years. We have been fighting for years to protect our defined benefit pension plan, our acquired rights and our financial security in retirement. Bill C-27 wants to destroy all that. This is unacceptable!
The Canadian Labour Congress is organizing the fightback and all unions have already asked the Minister to withdraw this Bill. For CUPW’s letter to Minister Morneau, see the pension section on our Web site: cupw.ca/en/pensions.
However, letters will not be enough. WE MUST TAKE ACTION. We must contact our Members of Parliament, organize demonstrations, and, if necessary, organize a general strike as delegates to the British Columbia Federation of Labour have suggested in the resolution they adopted on December 2nd, 2016.