Ontario Federation of Labour

Ontario Federation of Labour

December 17, 2010 16:51 ET

Betrayal on Retirement Security Prompts First Action at Finance Minister Jim Flaherty's Office

TORONTO, ONTARIO and WHITBY, ONTARIO--(Marketwire - Dec. 17, 2010) - Today's occupation of federal Finance Minister Jim Flaherty's constituency office - the first in a series of actions – has now ended.

OFL President Sid Ryan told media and activists that he did not want anything interfering with the profoundly important message being delivered to Flaherty: REAL retirement security can only be achieved through an expanded CPP. Any plan that enables banks and insurance companies to cash in on the backs of working people is a huge betrayal.

Today's occupation was prompted by Flaherty and Prime Minister Stephen Harper's attempts to upend years of work and effort to ensure all Canadians have access to retirement security.

Less than a month ago, Flaherty stood in front of Canada's labour leaders and members pledging support for an expanded CPP as the vehicle through which to ensure retirement security. Yesterday, in a public capitulation to the financial industry, he completely reversed himself and his support for the CPP.

"Mr. Flaherty has no time or inclination to speak with us, but at the drop of a hat he's there for Sun Life and the rest of the banking and financial industry. He's refused phone calls and made himself scarce," says Ryan. "But he will not be able to duck Canadians' growing resentment over this plan to transfer even more of our savings to the wealthiest sector."

The Canadian Labour Congress and its President Ken Georgetti will be in Kananaskis next week as provincial finance ministers begin their deliberation on this crucial initiative and will be in close touch with all provincial federations.

"We will be working the Ontario communication lines so that citizens in every community know about Flaherty's plans and his actions," says Ryan. "As a country, our collective attention will be turned towards Kananaskis."

Contact Information

  • Ontario Federation of Labour
    Sid Ryan
    President
    416.209.0066
    or
    Ontario Federation of Labour
    Lynn Simmons
    Communications Director
    416.668.7480
    www.ofl.ca