Enhanced Protection for Pensions in Insolvency
Presented by the CBA Alberta Insolvency South Section
On Demand. Originally presented on November 28, 2023.
Earlier this year, the Government of Canada passed the Pensions Protection Act into law. While it does not come into force for four years, the new law will elevate the priority of unfunded pension liabilities in insolvency in a significant way. While seemingly a laudable objective, there are also unintended consequences arising from the enhanced priority position which may in fact spell the end of defined benefit pension plans in Canada as we know them, not to mention the creation of numerous uncertainties for lenders and insolvency stakeholders.
SPEAKERS
Michael Wolpert (Partner, Fasken Martineau DuMoulin LLP)
Jessica Cameron (Partner, Fasken Martineau DuMoulin LLP)
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