Conservative leader Erin O’Toole wants to protect the pensions of average working Canadians.
O’Toole said the Tories would ensure that pensioners have priority over corporate executives in a bankruptcy or restructuring situation.
“Executives shouldn’t be getting massive bonuses while workers lose out in their retirement. Our plan will also require companies to be more transparent by clearly reporting the funding status of their pension plans.”
“Canadians who have paid into a pension plan should be able to rely on it actually being there when they retire,” noted O’Toole.
“But far too often, we have seen workers, through no fault of their own, forced to take big cuts to their pensions when the company they worked for goes bankrupt. As prime minister, I will stand up for workers and introduce the necessary measures to protect hard-earned pensions.”
Later during the same campaign announcement, O’Toole continued to emphasize his support for universal medicare.
O’Toole said if the Tories are elected he would make record high health transfers to the provinces.
“A prime minister who was serious about health care wouldn’t have called an election during a national health emergency. And now, unbelievably, he’s threatening to cut health care funding and close health care clinics in the middle of a pandemic.”
O’Toole added that the private role in Canada’s health care system has grown since Justin Trudeau became prime minister.
