Wednesday, March 31, 2010

Pension Bill Proposed


A northwestern Ontario MP is looking to protect workers pensions.

Thunder Bay-Rainy River's John Rafferty has introduced a bill in the House of Commons which would secure underfunded pension plans.

"The workers have invested in their retirements," says Rafferty, "and been expecting certain retirement income after working several for many years at mills. In the last few years especially, mill workers say to themselves 'I always though they were secure' but they're finding out they're not."

Rafferty says the recent issue surrounding pensions for workers with AbitibiBowater convinced him for the need to bring forward a private members bill.