This bill was last introduced in the 42nd Parliament, 1st Session, which ended in September 2019.
Erin O'Toole Conservative
Introduced as a private member’s bill. (These don’t often become law.)
Defeated, as of Nov. 28, 2018
(This bill did not become law.)
This is from the published bill.
This enactment amends the Pension Benefits Standards Act, 1985 to authorize the administrator of an underfunded pension plan, in certain situations, to amend the plan or to transfer or permit the transfer of any part of the assets or liabilities of the pension plan to another pension plan. The amendments also provide for the tabling of an annual report respecting the solvency of pension plans.
The enactment also amends the Companies’ Creditors Arrangement Act to provide for conditions respecting the approval of any plan offering incentives to certain directors, officers or employees to remain in the company’s employ.
All sorts of information on this bill is available at LEGISinfo, an excellent resource from the Library of Parliament. You can also read the full text of the bill.
The Deputy Speaker Bruce Stanton
The question is on the motion. Is it the pleasure of the House to adopt the motion?
Some hon. members
Agreed.
No.
Some hon. members
Yea.
Some hon. members
Nay.
The Deputy Speaker Bruce Stanton
In my opinion the yeas have it.
And five or more members having risen:
Pursuant to Standing Order 93, the recorded division stands deferred until Wednesday, November 28, 2018, immediately before the time provided for Private Members' Business.
The House resumed from November 23 consideration of the motion that Bill C-405, An Act to amend the Pension Benefits Standards Act, 1985 and the Companies’ Creditors Arrangement Act (pension plans), be read the second time and referred to a committee.
The Speaker Geoff Regan
Pursuant to an order made Tuesday, November 27, the House will now proceed to the taking of the deferred recorded division on the motion at second reading stage of Bill C-405 under Private Members' Business.
(The House divided on the motion, which was negatived on the following division:)
The Speaker Geoff Regan
I declare the motion defeated.
I wish to inform the House that because of the deferred recorded divisions, Government Orders will be extended by 25 minutes.