An Act to amend the Bankruptcy and Insolvency Act, the Companies' Creditors Arrangement Act and the Pension Benefits Standards Act, 1985 = Loi modifiant la Loi sur la faillite et l'insolvabilité, la Loi...: XB441-228/1-PDF
"This enactment amends the Bankruptcy and Insolvency Act and the Companies' Creditors Arrangement Act to ensure that claims in respect of unfunded liabilities or solvency deficiencies of pension plans and claims relating to the cessation of an employer's participation in group insurance plans are paid in priority in the event of bankruptcy proceedings. It also amends the Pension Benefits Standards Act, 1985 to provide that an employer may provide financial security in the form of insurance for any portion of the contributions that they are required to pay under subsections 9(1.1) and (1.2) of the Act, and to authorize the administrator of an underfunded pension plan, in certain situations, to transfer or permit the transfer of any part of the assets or liabilities of the pension plan to another pension plan. The amendments also provide for the tabling of an annual report respecting the solvency of pension plans"--Summary, page ii.
Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.907711&sl=0
| Department/Agency | Canada. Parliament. House of Commons, issuing body. |
|---|---|
| Title | An Act to amend the Bankruptcy and Insolvency Act, the Companies' Creditors Arrangement Act and the Pension Benefits Standards Act, 1985 = Loi modifiant la Loi sur la faillite et l'insolvabilité, la Loi sur les arrangements avec les créanciers des compagnies et la Loi de 1985 sur les normes de prestation de pension. |
| Variant title | Loi modifiant la Loi sur la faillite et l'insolvabilité, la Loi sur les arrangements avec les créanciers des compagnies et la Loi de 1985 sur les normes de prestation de pension Short title : Pension Protection Act |
| Series title | Bill C-... ; Bill C-228, 1st session, 44th Parliament |
| Publication type | Series - View Master Record |
| Language | Bilingual-[English | French] |
| Format | Electronic |
| Electronic document | |
| Note(s) | "Ms. Gladu." Cover title. Issued also in HTML format. "First reading, February 3, 2022." Text in English and in French. |
| Publishing information | [Ottawa] : House of Commons of Canada = Chambre des communes du Canada, 2022. |
| Description | 1 online resource (ii, 5 pages). |
| Catalogue number |
|
| Departmental catalogue number | 441077 |
| Subject terms | Canada. Bankruptcy and Insolvency Act. Canada. Companies' Creditors Arrangement Act. Bankruptcy -- Canada. Pensions -- Law and legislation -- Canada. Group insurance -- Law and legislation -- Canada. |
Request alternate formats
To request an alternate format of a publication, complete the Government of Canada Publications email form. Use the form’s “question or comment” field to specify the requested publication.- Date modified: