Questions By Members, 8 July 2015
Source: Legislative Assembly of PEI

Protection of pension plans

Dr. Bevan-Baker: Thank you very much, Mr. Speaker.

Prince Edward Island is the only province in Canada that does not have pension legislation in place.

A question to the Minister of Finance: Could the minister describe what protections are offered under current legislation for Islanders with registered pension plans?

Speaker: The hon. Minister of Finance.

Mr. Roach: Thank you, Mr. Speaker.

I know that the last four years in this House pensions, particularly within government, have gone through a thorough review. There was a lot of work done by the former minister. That has placed the pensions within the public sector in Prince Edward Island in better shape, certainly, than it was before. It assures that those pensions will be there going into the future.

Thank you, Mr. Speaker.

Speaker: The hon. Leader of the Third Party for his first supplementary question.

Pension legislation

Dr. Bevan-Baker: Thank you, Mr. Speaker.

I’m more concerned today with private pension plans. The former Premier Ghiz, in a letter dated March 23rd, 2009, said that, and I quote: This government remains committed to bringing forth pension legislation which is both current and effective.

Premier Ghiz’s government actually tabled, on three separate occasions, bills, although they were never passed.

Could the minister tell us if this current government intends to introduce and pass pension legislation?

Speaker: The hon. Minister of Finance.

Mr. Roach: Thank you, Mr. Speaker.

I’d thank the hon. member of the third party for that. I would be prepared to review what was done in the past and have a look at it and bring it to caucus.

Thank you.

Speaker: The hon. Leader of the Third Party for his second supplementary question.

Dr. Bevan-Baker: Thank you very much, Mr. Speaker.

A constituent of mine will be very pleased to hear that, a former hog plant worker here on the Island. He’s raised concerns with me regarding the CCWIPP, the CCWIPP pension plan, whose benefits were cut by 10% on July 1st. This is not the first cut that this plan has been subject to. Because we have no pension legislation here on Prince Edward Island, Islanders like him have nowhere to go for help in dealing with these sorts of issues.

Does the minister agree that pension legislation is a matter of some urgency to Island seniors and will he commit to introducing legislation in this House this fall?

Speaker: The hon. Minister of Finance.

Mr. Roach: Thank you, Mr. Speaker.

As I’ve said just on answering the last question, I’d prepare to review what was put forth before by the previous government and we’ll have a look at that at Caucus and have discussion around that.

Thank you.

 

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