Ontario Federation of Labour

Ontario Federation of Labour

June 07, 2005 14:27 ET

PROVINCE FAILS TO DELIVER ANY REAL CHOICE FOR RETIRING WORKERS

Attention: Assignment Editor, Media Editor, News Editor, Government/Political Affairs Editor TORONTO--(CCNMatthews - June 7, 2005) - "Eliminating mandatory retirement without addressing all the issues that effect a person's quality of life upon retirement is an empty promise," said OFL president Wayne Samuelson today.

"Today's media stunt by Labour Minister Bentley failed to address the real choices working people face when they leave the workforce. People need to have the financial ability to retire," Samuelson said. "When pension plans are inadequate and government support falls short people are not in a position to 'choose' to retire."

"The crucial issue to be resolved is the stagnant state of our pensions. Pensions in Ontario need to be indexed to inflation. It is imperative for the economic livelihood of retired workers that their pensions are not only secure but that they provide income for a decent life," Samuelson said.

"This Magna-style announcement of government policies at a Home Depot location is insulting to the workers of this province. Is the Minister of Labour trying to illustrate the point that if you don't have enough money to retire you'll have to stay working at places like Home Depot until you're 90 years old?"

cope343
/For further information: Dana Boettger
OFL Communications
416.443.7665/ IN: LABOUR, MEDIA, POLITICS

Contact Information

  • Wayne Samuelson, OFL President
    Primary Phone: 416-571-7408