What I find most ironic is that most pension plans sponsored by labour unions, particularly in the trades, already have the ability to reduce benefits if funding doesn't meet the requirements of legislation.  In most provinces such reductions are subject to the consent of the regulator.

The ironic part is that many of the unions that are members of the CLC are actively lobbying governments to introduce legislation recognizing them as target benefit plans and removing the requirement for consent to reduce benefits.

Mr. Hussan should recognize that the government is only introducing a concept that many of his own constituents both support and are actively lobbying for.