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Bill C-78 — 3rd Reading

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Hansard 25 May 1999

Debate on the 3rd Reading of Bill C-78

Hon. Lorne Nystrom (Regina—Qu'Appelle, NDP):  Mr. Speaker...

We have a very important bill before the House today, Bill C-78, which deals with the pension funds and superannuation of retired public servants, including the RCMP and the Armed Forces. It has become a very controversial bill because the government wants to use the $30 billion surplus that has accumulated in those funds to go back into the consolidated revenue fund or to the Government of Canada so it can pay down the debt or use for its general operations.

I submit that this is really theft of a lot of money that the federal government has collected in pensions. It should go for pension purposes for retired public servants in the country.


The Canadian Senate passed Bill C-78 and it received Royal Assent on September 14th, 1999.