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Decentralized Democracy

Canadian Legislature


Bill C-225

44th Parl. 1st Sess.
February 02, 2022
An Act to amend the Bankruptcy and Insolvency Act, the Companies’ Creditors Arrangement Act and the Pension Benefits Standards Act, 1985 (pension plans and group insurance plans)
  • Bill C-225 is an amendment to several existing acts related to bankruptcy, insolvency, and pensions. This bill aims to prioritize claims for unfunded pension plan liabilities in bankruptcy proceedings. It also requires employers to maintain group insurance plans for their employees. Additionally, the bill empowers the Superintendent of Financial Institutions to determine if a pension plan's funding is impaired or if the plan administrator is at risk, and sets out measures to be taken by the employer in such cases. In summary, this bill strengthens protections for pension plans and ensures their priority in bankruptcy proceedings.
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House Debates

44th Parl. 1st Sess.
Feb. 2, 2022, midnight

  • Hear!
  • Rabble!
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