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Senate gives final reading to new law protecting workers' pensions

Private members bill awaits royal assent to become law

Senate gives final reading to new law protecting workers' pensions

Canada Passes Pension Bankruptcy Protection Bill | Chief Investment Officer

Bill will make plan members top priority when a company becomes insolvent.  

Senate gives final approval to new law that will give pension plans priority in corporate bankruptcies

Bill will change bankruptcy and insolvency law to give pensioners priority for unfunded liabilities in private-sector, defined-benefit company pension plans

Pension super-priority bill becoming law following Senate vote

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] […]