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New Pension Priorities in Bankruptcy and Insolvency Are Closer to Reality - Vimarsana News

New Pension Priorities in Bankruptcy and Insolvency Are Closer to Reality

Federal Bill C-228 the Bill, new legislation intended to improve the protection of, and to extend the super-priority given to claims relating to, defined benefit pension plans in insolvency proceedings, completed third reading in the Senate on April 18, 2023 and is now awaiting Royal Assent before it becomes effective.

New Bill Will Protect Employee Pensions if Company Declares Bankruptcy - Vimarsana News

New Bill Will Protect Employee Pensions if Company Declares Bankruptcy

The House of Commons passed a private member's bill on Nov. 23 that will protect employee pensions if ...