Petition:
Review of the legislation on the administration of the pension plans

Petition text

WHEREAS, for the past few years, many workers and ex-workers have had to deal with the closure or bankruptcy of their businesses;

WHEREAS, in more and more cases (White Birch, Sears, Groupe Capitales Médias, etc.), retirees and active workers have faced solvency deficits in their pension plans;

WHEREAS, these situations have resulted in dramatic cuts in the retirement benefits of these workers (nearly 45% for white Birch retirees and nearly 30% for active employees and retirees of Groupe Capitales Médias newspapers);

WHEREAS, Quebec legislation allows companies to avoid these solvency deficits by not contributing enough to pension plans;

WHEREAS the Canadian Federation of Pensioners estimates that more than 15,000 retirees have been paying the price since 2009;

We, the undersigned, ask the government of Québec:

• To review the legislation on the administration of pension plans to prevent the  recurrence of such tragedies;
• To implement all possible means to mitigate, if not eliminate the effects of such events; 
• To set up an insurance program, at the expense of businesses, to compensate for possible cuts in pension benefits, similar to what is done in Ontario.
  

The signing period for this petition is over.

Signing deadline : May 21, 2020

Number of signatures : 10118

Need help?

Telephone: 418 643-7239 or, toll-free, 1 866 337-8837
Email: renseignements@assnat.qc.ca