Pensions and Retirement Security | National Union of Public and General Employees

Pensions and Retirement Security

March 30, 2010

C-501 would secure underfunded pension plans throughout bankruptcy proceedings

March 29, 2010

Court rejects $57-million deal to pay benefits to former and disabled employees until the end of 2010 in exchange for an agreement not to sue Nortel

March 27, 2010

CLC leader says Finance Minister will face backlash

March 27, 2010

Amendments provide immediate vesting of pension benefits and organizations with more than 50 employees will be required to have workers on their pension-management committee.

March 18, 2010

The budget contained no new initiatives around pensions reform and retirement security. Federal government ignores calls for National Pensions Summit, commits to only undertake consultations.

March 18, 2010

This marks second consecutive quarter of growth, however, the value of pension funds still 7.5 percent below the high reached in the second quarter of 2008.

March 2, 2010

“A great demographic divide exists between younger Canadians and those who are nearing retirement or already there. Younger Canadians clearly lack confidence in the viability of public and private pensions in the future, while older Canadians are much more confident.”  - Nik Nanos of Nanos Research

February 15, 2010

Most Canadians are worried about their retirement security. NUPGE is pressing the federal government to hold a national summit with a series of radio ads launched this week in the nation's capital.

February 9, 2010

Deal comes at the price of an acknowledgment that the claims of Nortel pensioners, former employees and employees on Long-term Disability are unsecured, and rank in equal priority to those of all other unsecured creditors, including the bondholders.

January 22, 2010

Pension funds claw back from losses caused by the economic crisis.