M-555 Pension benefits

That, in the opinion of the House: (a) the government should take immediate action to ensure pension benefits for current and future pensioners are protected in the event their employers go bankrupt by amending the Bankruptcy and Insolvency Act and the Companies Creditors Arrangement Act; and (b) the Standing Committee on Industry, Science and Technology should be instructed to undertake a study on the government’s statutory review of the Bankruptcy and Insolvency Act and the Companies Creditors Arrangement Act, including the fee-structure charged by legal professionals during bankruptcy or insolvency proceedings, and to report its findings back to the House.