“While the vast majority of pension plans have the resources needed to withstand the impact of COVID-19 on their investments, if a plan is forced to sell assets at fire-sale prices to meet its obligations, it will have a devastating effect. Pension plans that are forced to take this step will likely be left with substantial pension deficits that will be very difficult to eliminate." Bert Blundon, NUPGE Secretary-Treasurer
"While there are some positive promises in this federal budget, it does not go nearly far enough to deliver on those things that Canadians most desperately need right now." — Larry Brown, NUPGE President
“What’s clear from the CCPA report is that it’s people with high incomes who benefit the most from the private corporation loophole.” — Larry Brown, NUPGE President
We should celebrate this victory, but clearly our work continues.
Weak international response to tackling tax havens costs Canada $8 billion a year in lost tax revenue. But Howlett says the failure of international cooperation in tax matters costs developing countries $70–120 billion per year.
"[Ontarians] understand that there’s no reason to pay a premium to private contractors through this infrastructure bank when the government can borrow at historically low rates." — Warren (Smokey) Thomas, OPSEU President
“For people without defined benefit pension plans, there’s an ever-present fear of seeing a significant drop in their retirement income.” — Larry Brown, NUPGE President
“That’s like putting one fox in charge of keeping the other foxes out of the chicken coop,” said Thomas. “These folks just can’t help themselves. They still believe that, as Liberals, they’re 'entitled to their 'entitlements'." — Warren (Smokey) Thomas, OPSEU President