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Decentralized Democracy

House Hansard - 180

44th Parl. 1st Sess.
April 19, 2023 02:00PM
Context: House Hansard - 180 - Apr/19/23
Ms. Marilyn Gladu (Sarnia—Lambton, CPC)
Mr. Speaker, I am very pleased to rise today and announce the passing in the Senate of my second private member's bill, Bill C-228, on pension protection. This bill will ensure that pensioners who have worked their whole lives for a company will receive the pension benefit they are due. This is accomplished by providing transparency to know which funds are insolvent, providing a mechanism to transfer funds to make them solvent and, in the case of bankruptcy, putting pensions in priority ahead of creditors. There have been many members of all parties in the House and the Senate who have been trying to pass such a bill for two decades. I want to thank all of my colleagues for their help with this. This is a great day for Canadian pensioners. No longer will we see companies go out of business and leave those who have worked hard their whole lives without any pension or with only part of a pension. Thanks go to everyone in the House and the Senate who supported the bill. It is a great day for Canadian pensioners.
186 words
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