Canadian Liberal party plans to reintroduce the bill to amend the BIA

The following summary appeared on the NRPC web site updates from the Montreal group.

"On the political scene, the Liberals have confirmed they will reintroduce the Ringuette senate bill once Parliament resumes, this bill is to amend the Bankruptcy and Insolvency Act. This bill if passed would give pensioners a more preferential position and possibly receive a greater proportion of the assets upon wind up. The Liberals have assured us that they will support the bill."

Lets hope that the conservatives waken up to the plight of Canadian retirees. There is no assurance that pensions will be paid as promised. If this amendment is not enacted it is going to lead to a major reduction in the standard of living for thousands of Canadians and undeserved suffering from worry and concern for their future. Aren't the elected officials in the governement supposed to care for the people? Seems like they only are concerned for their own pockets and staying in power. Time for a change. Vote them out at the next chance.

Canadian CBC video on Nortel pensioner's plight

On Jan. 26, 2010, CBC's The National responded to the recent web poll which wanted the CBC to ask the Government what they were going to do to protect pensions, severance and disability benefits in this time of economic turmoil and bankruptcies.

Over 64% of the nearly 11,000 respondents voted for the pension question which had been put forward by Nortel pensioner, Eamon Halpin of Whitby.

Thanks to Eamon the impact of Nortel's bankruptcy on employees, the disabled and pensioners is in the news and featured personally on the video. The video is well worth watching. Lets hope that the Canadian Government comes to its senses and enacts legislation to help pensioners,LTD and ex-employeees who have been badly hurt by companies going bankrupt.

Canada should be ashamed that it lags behind the US, the UK and many other western countries which have enacted such legislation, or provide national pension insurance.

Click on the following link to see the CBC video that was played on Jan 26th.

http://www.cbc.ca/video/#/News/TV_Shows/The_National/ID=1396663437

Canadian webinar re Nortel pension Feb 2nd 2010

The Webinar with the NRPC and the law firm Koskie Minsky is now confirmed for Tuesday, February 2nd, from 3:00 to 5:00 PM. Eastern Time.

The NRPC has already received 176 questions from 46 individuals. If you have questions to be addressed, please send them in advance to queries@nortelpensioners.ca. This e-mail address is being protected from spam bots,you need JavaScript enabled to view it .

Instruction on how to register and join the webinar will follow shortly. Hundreds of former employees found a similar webinar last August to be very valuable and this one will probably be just as beneficial to you in understanding the issues around your lost benefits, the processes involved, and what progress is being made.