A private member’s bill that creates new protections for workers’ pensions in the event of employer insolvency has passed in the Senate and will soon become law.
“Pension protection is more important than ever. If an employer’s bankruptcy can wipe out an employee’s pension, then millions of Canadians who have worked hard all their lives are at risk of not being able to retire or afford to live,” said Conservative MP Marilyn Gladu in a release.
