Monday, June 07, 2010

The reviews are in

The Province takes note of the NDP's pension legislation that's making its way through Parliament, and gives it a thumbs-up:
The NDP portrays itself as the party of regular working people and for good reason.

The list of New Democratic Party initiatives for workers over the years is long.
...
(John Rafferty's C-501) proposes to change federal bankruptcy rules to give pensioners and laid-off workers of bankrupt companies "secured" creditor status.

As workers at distressed Canadian firms know too well, they are sent to the back of the line with other unsecured creditors and face ruined retirement years. This isn't the case in other countries where pensions are protected.

Rafferty's bill makes sense. It is only fair and just that people who have worked their whole lives receive a pension that has been promised, in the same way they received wages, medical coverage or other agreed-to benefits.
(Edit: fixed typo.)

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