If passed, Bill C-377—An Act to Amend the Income Tax Act (requirements for labour organizations)—will require all plans that pay benefits to union members to make details of any pension and benefit payments exceeding $5,000 each year publicly available. This means that plans will have to name mem- bers and beneficiaries who receive payments in excess of this threshold, including pension payments (i.e., monthly pensions, lump-sum termination, death payments) as well as those receiv- ing disability income, significant drug benefits, or other major services or treatments.
The stated intention of Bill C-377 is to make union fi- nances more transparent, given the tax deductibility of union dues and the tax-exempt status of labour organizations. How- ever, the bill will impose unprecedented disclosure require- ments far surpassing those placed on government agencies and other organizations that receive preferential tax treat- ment, such as registered charities and Canada’s First Nations.
May 14, 2012
Mr. D. Morgan, Q.C., Minister of Labour Relations and Workplace Safety Ministry of Labour Relations and Workplace Safety 300 - 1870 Albert Street Regina, Saskatchewan S4P 4W1
Dear Minister Morgan,
We are writing in regards to A Consultation Paper on the Renewal of Labour Legislation in Saskatchewan (the “Consultation Paper”) seeking input on the province’s labour legislation. We are pleased to make this submission.
- The threat to multi-employer plans is real.
The legislative framework is constantly changing, and cost-management and cost reduction are at the top of every agenda.
- Legislative changes can be significant.
Recent proposed changes have threatened to offload costs onto plans, restrict plan coverage, and have compromised the viability of some plans
- Multi-employer plans are worth protecting.
Multi-employer plans play a vital role in providing health services and retirement plans to over 1 million workers and their families in industries typified by small companies and a mobile work force.
- Multi-employer plans need a united lobby.
Multi-employer plans carry a low profile due to the fact that the coverage is thinly spread over many employer groups and mobile workers.
- MEBCO is committed to protecting your interests.
When governments propose changes, MEBCO is the single, clear voice at the table representing the unique interests of multi-employer plans.
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- Save the Date: 9th Transatlantic Conference, Montreal - May 10-12, 2017
- MEBCO Annual General Meeting, Feb
- MEBCO RESPONSE TO SASKATCHEWAN FINANCE AND CONSUMER AFFAIRS AUTHORITY CONSULTATION PAPER: “PROPOSED REGIME FOR NEGOTIATED COST PENSION PLANS”