Hello, Pensions represent security and dignity in retirement – a promise between workers and their employers. But that promise is now under threat, and it has implications for all workers. The federal government recently took $1.9 billion from the federal public service pension fund surplus and plans to take another $7.4 billion over the next four years. Instead of strengthening retirement security, they’re using the upcoming surplus to give themselves a contribution holiday—leaving workers with nothing in return.
This move sets a dangerous precedent for all workers – in public or private industries. In the same way that federal public service workers were able to set the precedent for wage increases across Canada – stealing from the federal public service pension fund will set an unacceptable standard for all employers.
What can you do?
The Public Service Alliance of Canada (PSAC) launched a national campaign to stop pension theft and protect workers’ rights. Here’s how you can support the fight:
Learn more: Understand what’s happening with the pension fund, how it impacts workers, and why it matters to all of us.
Spread the word: Share this issue with friends, family, and your networks. Together, we can amplify the message and build momentum.
Stay informed: Follow PSAC for updates on actions you can take to help protect retirement security for all workers.
This fight goes beyond one group of workers. It’s about fairness, accountability, and the future of retirement security for everyone. Let’s stand together and demand better.
Thank you for your support,
Sharon DeSousa
National President, Public Service Alliance of Canada