e-587 (Pension system)
- Keywords
- 8545-421-98-03 Government Response to petitions concerning the pension system
- Bankruptcy
- Bankruptcy and Insolvency Act
- Companies Creditors Arrangement Act
- Pension guarantees
- Preferred creditors
Original language of petition: French
Petition to the Government of Canada
- The Companies’ Creditors Arrangement Act (CCAA) does not consider the contributors and beneficiaries of pension funds to be priority creditors;
- The CCAA does not adequately protect employee pension plans and retirees’ benefits;
- The CCAA protects companies by exempting them from the requirement to have money to pay for the pensions and benefits of retirees and future retirees’;
- Quebec provides better protection than the CCAA, but this legislation overrides provincial legislation on pensions.
- Open for signature
- October 6, 2016, at 10:54 a.m. (EDT)
- Closed for signature
- February 3, 2017, at 10:54 a.m. (EDT)
- Presented to the House of Commons
-
Marilène Gill
(Manicouagan)
October 17, 2017 (Petition No. 421-01711) - Government response tabled
- November 30, 2017