Statement by Bea Bruske: Senators vote to put workers and pensioners before big banks and wealthy CEOs

2023-06-30T16:27:27-07:00June 30th, 2023|Categories: Defined Benefit Plans|Tags: , , |

Source: Canadian Labour Congress Bruske: Passage of pension protection Bill C-228 is a win for workers and plan members Canada’s unions are celebrating the Senate’s decision to pass Bill C-228 (Pension Protection Act), legislation that will ensure defined-benefit pensions receive super-priority status in bankruptcy and insolvency cases. “Pension protection has been a priority for Canada’s unions for decades. Multiple private members’ bills seeking to protect pensioners in insolvency proceedings have been defeated but with Bill C-228, our government is [...]