Senate gives final reading to new law protecting workers' pensions windsorstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from windsorstar.com Daily Mail and Mail on Sunday newspapers.
Bill will change bankruptcy and insolvency law to give pensioners priority for unfunded liabilities in private-sector, defined-benefit company pension plans
A bill that provides super-priority to defined benefit pension plan members during plan windups or employer bankruptcies has been passed by the Senate and will become law. “Now that C-228 has passed, it is up to the government to schedule it for royal assent and then to incorporate it into the [Bankruptcy and Insolvency Act] […]