Welcome to the GENMO Salaried Pension Organization.
BILL 501 ON BIA REFORM PASSES SECOND READING!
On Wednesday May 26, BILL 501 which will reform the Bankruptcy Insolvency Act (BIA) passed second reading by a vote of 144 to 112 in the House of Commons. The BILL now goes to Committee where it may be amended before third and final reading. If passed, the BILL then goes to the Senate for approval. Approval of this legislation is critical for every Canadian who has a "Defined Benefit Pension". A news article is on this link . You can help support this legislation by contacting your MP.
Regarding C501, you will find two links. The first link is a presentation (note that this is a large file, and will require more time to download) by Diane Urquhart on behalf of the Canadian Labour Congress in support of federal legislation to amend the Bankruptcy Insolvency Act (BIA). The amendment would give your pension creditor status in court if GMCL was ever in a situation to file for bankruptcy protection (CCAA). Currently we have no protection or status.
The second link is a generic letter for your MP. The letter is your request that your MP votes in favour of this legislation. Delivering your letter in person even works better. Please feel at liberty to customize your letter as you deem appropriate.
The Federal Conservatives will not support Bill 501 unless you put pressure on them. They will view Bill 501 as unfriendly to business rather than as friendly to pensioners.
All of the attached information came from the Canadian Federation of Pensioners who are asking for the support of all of their 150,000 members.
Please help us to help all pensioners.
GENMO Executive
Who is your local MP ?
Don't have "word" software ?
Then try this link for a text version of the letter to the MP.
GENMO Salaried Pension Organization is a not-for-profit corporation dedicated to promoting the protection of the pensions, benefits and other common interests of its members and surviving spouses. It is neither sponsored nor endorsed by General Motors of Canada.
Please understand that we SUPPORT GENERAL MOTORS and we encourage everyone to support General Motors and continue to be an advocate. It is in everyone's best interest for General Motors to succeed as a financially viable company.
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We encourage you to visit GM Canada's website and examine their line of award winning products and services.
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About This Site
Here you will find information about our goals, who we are and how we operate along with ongoing information about your GM Pension and Benefits Plan status.
This is a new site and we are constantly adding information so be sure to visit often.
Please send comments, questions and suggestions to info@genmo.ca.
If you are a GMCL salaried retiree, a surviving spouse,
or an active salaried employee, please join us.
We all need your support.
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