Hon. Lionel Chevrier (Minister of Transport):
In reply to the first question, the government has given consideration to revised rules for pensions to employees of the Canadian National Railways, and sees no objection to the plan submitted by the officers of the company. This plan, I understand, will bring about a considerable betterment in the terms now in existence.
As to the second question, I understand the details of the plan will be announced within the next few days by the president of the Canadian National Railways.
The third question is:
Can he say further whether anything is being done to increase the basic pensions of those already retired?
The answer to that question is that the revised pension rules, as submitted to us for approval, do not contain any provision for retired employees. [DOT]
84 HOUSE OF
Inquiries of the Ministry
Subtopic: INQUIRY AS TO NEW PENSION PLAN FOR EMPLOYEES