NDP wants Libs to drop pension bill which they say puts minister in conflict
OTTAWA — The Trudeau government seems intent on proceeding with a pension bill which opposition parties maintain puts Finance Minister Bill Morneau in a blatant conflict of interest.
New Democrats gave the government a chance Wednesday to withdraw the bill, but Liberals denied the unanimous consent necessary to shelve it.
Morneau introduced Bill C-27 a year ago, while he still held about $21 million worth of shares in his family’s pension administration and human resources firm, Morneau Shepell.
The bill, which has languished on the order paper since it was introduced, would allow pension administrators to convert direct benefit pension plans to targeted benefit plans — a change for which Morneau Shepell had lobbied.