Treasury Board has announced that, due to ongoing Phoenix pay system problems, the Public Service Pension and Insurance Benefits Statements will not be issued this year.

In a submission to Finance Minister Bill Morneau, PSAC has laid out its objections to a bill that threatens the retirement security of Canadians.

Bill C-27, An Act to amend the Pension Benefits Standards Act, is an attack on the retirement security of Canadians

Over 200 NTCL pensioners, represented by PSAC/UCTE, will see a much-needed cash infusion into their pension fund. The money comes as a result of the recent sale of the Northern Transportation Company Ltd’s assets to the Government of the Northwest Territories.

The Liberal government is following the Conservatives’ lead by introducing legislation that will allow employers to reduce pension benefits.

Bill C-27, An Act to amend the Pension Benefits Standards Act, had its first reading in the House of Commons last week.