In its drive to improve its own bottom line, the federal government is poised to scoop $30 billion from the Federal Workers’ Pension Fund. This week the Liberal government cut off debate on Bill C-78 after four hours, pushing the Bill to committee to fast-track its passage. The Bill retroactively gives the employer the ability to make unilateral decisions on how to use surplus in the pension fund. While CUPE members are not directly effected by the Bill, the pension grab by the federal government is being watched carefully by employers against the country. All levels of government would love to get their hands on money from our members’ pension funds. CUPE has asked to appear as a witness before the Standing Committee reviewing the Bill. We want the Bill withdrawn and are demanding that the federal government start over by negotiating with the unions, who represent the plan members, over how best to spend the surplus in the pension fund.
All of the opposition parties have opposed the Bill, recognizing that the fund belongs to the plan members. Please take the time to talk or write to your MP about this important issue. It’s important not only for federal pensioners but for all of us.