The security of our pensions is of highest importance to BCRTA members and all retired persons in Canada. The Government of Canada has recently announced a consultation on enhancing retirement security.
Act fast – the government has set a deadline for submissions of December 21, 2018.
It is easy to participate. Here’s how:
Click https://bcrta.ca/pension-consultation/ and you will be directed to a government site with a feedback form. Enter your name, email and region. Then you may enter a short statement of what is important to you.
Here are a few starter ideas for comments that our Pension and Benefits Committee suggest you include – in your own language. Pick one or two and personalize them with your thoughts.
- Pension members should not live in fear that their defined benefit pension benefits might be surrendered, leaving them with a less secure form of pension.
- A person’s pension is a contractual promise, paid for personally and by their deferred wages from their employer. Contracts must be honoured.
- Pensioners should not be the most vulnerable when a company goes bankrupt. The pension plan should have first claim on the company assets or there should be a national pension insurance program to protect the pensioner.
When you’ve personalized your feedback, hit the ‘Submit’ button and pat yourself on the back – you’ve exercised your democratic right!
A high participation rate sends a message that pension security is an important election issue!