SoVote

Decentralized Democracy

House Bill

Bill C-228

44th Parl. 1st Sess.
April 18, 2023
Pension Protection Act
  • This bill, called the Pension Protection Act, aims to make changes to the Bankruptcy and Insolvency Act, the Companies’ Creditors Arrangement Act, and the Pension Benefits Standards Act, 1985. The purpose of this bill is to prioritize the payment of claims related to unfunded liabilities or solvency deficiencies of pension plans and claims related to employers' participation in group insurance plans in the event of bankruptcy proceedings. Additionally, the bill requires an annual report on the solvency of pension plans to be tabled in Parliament. The bill also includes transitional provisions for employers and companies participating in prescribed pension plans.
  • H1
  • H2
  • H3
  • S1
  • S2
  • S3
  • RA
  • Yea (335)
  • Nay
  • star_border