Mr. Ray Chenier (Timmins-Chapleau):
My question is for the Minister of Employment and Immigration who, I understand, is responsible for the administration of government annuities. Thousands of Canadians have invested in government annuities in the hope of having a cushion for financial requirements when they retire.
In view of the fact that the rate of return on annuities was reviewed because of important variations in interest rates under the Government Annuities Improvement Act which was adopted by the previous government, would the minister tell the House whether he plans to raise the rate of interest on annuities to a level higher or close to the level of inflation, to help Canadians who invested in Canada in good faith?
Subtopic: GOVERNMENT ANNUITIES
Sub-subtopic: CIVIL SERVICE RECIPIENTS-GOVERNMENT POSITION