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NL Supreme Court rules for pension member super-priority for normal costs in bankruptcies

NL Supreme Court rules for pension member super-priority for normal costs in bankruptcies
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PIAC warns of unintended consequences of pension super-priority bill

There could be “unintended consequences” if a bill conferring preferred creditor status to defined benefit pension plan members during bankruptcies passes through Canada’s House of Commons, according to an open letter from the Pension Investment Association of Canada. In an open letter, to Michael MacPherson, clerk of the standing committee on industry, science and technology, from Natasha Trainor, […]

Retiree group says Liberal budget fails to support pension reform - Medicine Hat NewsMedicine Hat News

Retiree group says Liberal budget fails to support pension reform Business Related Yes Government of Canada public pensions web page is shown on Tuesday, January 9, 2018. A national group representing about 300,000 pensioners says the new federal budget fails to mention reforms that are necessary to protect people with defined benefit retirement plans sponsored by employers. THE CANADIAN PRESS TORONTO – The Canadian Federation of Pensioners is calling for amendments to federal insolvency laws to protect members of defined benefit pensions if the employer is insolvent. The federation, which represents 23 retiree groups with a total of about 300,000 members, renewed its call for legislative changes after the federal budget failed to mention the issue on Monday.

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