✔︎ Bill C-228, Pension Protection Act

Bill

Bill C-228, An Act to amend the Bankruptcy and Insolvency Act, the Companies’ Creditors Arrangement Act and the Pension Benefits Standards Act, 1985

Vote

Yea.

Rationale

Bill C-228 gives “super-priority” for unpaid special payments and unfunded pension liabilities for defined benefit pension plans in Bankruptcy and Insolvency Act liquidations, and BIA and Companies’ Creditors Arrangement Act restructurings.

Passed.

Bill Status

Royal Assent received