governance|pension reform – Benefits Canada.com https://uat-cumulus.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Thu, 16 Jan 2025 20:41:36 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 PIAC warns of ‘unintended consequences’ of pension super-priority bill https://uat-cumulus.benefitscanada.com/pensions/governance-law/bill-to-giving-preferred-creditor-status-to-plan-member-may-have-unintended-consequences-piac-tells-commons/ Wed, 23 Jun 2021 17:00:24 +0000 https://www.benefitscanada.com/?p=102594 There could be “unintended consequences” if a bill conferring preferred creditor status to defined benefit pension plan members during bankruptcies passes through Canada’s House of Commons, according to an open letter from the Pension Investment Association of Canada. In an open letter, to Michael MacPherson, clerk of the standing committee on industry, science and technology, from Natasha Trainor, […]

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]]> Bankruptcy and insolvency bill will negatively affect struggling DB pensions, says ACPM president https://uat-cumulus.benefitscanada.com/pensions/governance-law/bankruptcy-and-insolvency-bill-will-negatively-affect-struggling-db-pensions-says-acpm-president/ Tue, 08 Jun 2021 13:00:01 +0000 https://www.benefitscanada.com/?p=101696 The Association of Canadian Pension Management is urging parliamentarians to vote down the final version of a new bankruptcy and insolvency bill. If passed, Bill C-253, also titled the Bankruptcy and Insolvency Act and the Companies’ Creditors Arrangement Act (pension plans and group insurance plans), would force super priority on Canadian pension plan members in […]

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