Pension Protection Act

An Act to amend the Bankruptcy and Insolvency Act, the Companies’ Creditors Arrangement Act and the Pension Benefits Standards Act, 1985

Sponsor

Marilyn Gladu  Conservative

Introduced as a private member’s bill.

Status

This bill has received Royal Assent and is, or will soon become, law.

Summary

This is from the published bill. The Library of Parliament has also written a full legislative summary of the bill.

This enactment amends the Bankruptcy and Insolvency Act and the Companies’ Creditors Arrangement Act to ensure that claims in respect of unfunded liabilities or solvency deficiencies of pension plans and claims relating to the cessation of an employer’s participation in group insurance plans are paid in priority in the event of bankruptcy proceedings.
It also amends the Pension Benefits Standards Act, 1985 to provide for the tabling of an annual report respecting the solvency of pension plans.

Elsewhere

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.

Votes

Nov. 23, 2022 Passed 3rd reading and adoption of Bill C-228, An Act to amend the Bankruptcy and Insolvency Act, the Companies’ Creditors Arrangement Act and the Pension Benefits Standards Act, 1985
June 22, 2022 Passed 2nd reading of Bill C-228, An Act to amend the Bankruptcy and Insolvency Act, the Companies’ Creditors Arrangement Act and the Pension Benefits Standards Act, 1985

The House resumed from November 22 consideration of the motion that Bill C-228, An Act to amend the Bankruptcy and Insolvency Act, the Companies’ Creditors Arrangement Act and the Pension Benefits Standards Act, 1985, be read the third time and passed.

Pension Protection ActPrivate Members' Business

November 23rd, 2022 / 3:45 p.m.


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The Speaker Anthony Rota

Pursuant to an order made on Thursday, June 23, the House will now proceed to the taking of the deferred recorded division on the motion at third reading stage of Bill C-228 under Private Members' Business.

(The House divided on the motion, which was agreed to on the following division:)

Vote #223

Pension Protection ActPrivate Members' Business

November 23rd, 2022 / 3:55 p.m.


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The Speaker Anthony Rota

I declare the motion carried.

(Bill read the third time and passed)

Pension Protection ActPrivate Members' Business

November 23rd, 2022 / 4 p.m.


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The Deputy Speaker Chris d'Entremont

Would members wishing to have conversations please do so in the lobby?

I wish to inform the House that, because of the deferred recorded divisions, Government Orders will be extended by 39 minutes.

We have a point of order from the member for Kingston and the Islands.

Pension Protection ActPrivate Members' Business

November 23rd, 2022 / 4 p.m.


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Liberal

Mark Gerretsen Liberal Kingston and the Islands, ON

Mr. Speaker, I want to start by apologizing. I was under the impression that it was okay to ask for a point of order between two votes. I will do that now, if that is okay.

It is unclear to me and to those who were watching exactly what transpired during the vote we had. I am seeking clarification from the Speaker as to whether or not it is necessary for a member to stand to cast their vote. The Leader of the Opposition did not stand, and it is unclear how he voted.

Pension Protection ActPrivate Members' Business

November 23rd, 2022 / 4 p.m.


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The Deputy Speaker Chris d'Entremont

The House leader for the official opposition has a comment on this as well.

Pension Protection ActPrivate Members' Business

November 23rd, 2022 / 4 p.m.


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Conservative

Andrew Scheer Conservative Regina—Qu'Appelle, SK

Mr. Speaker, on this side of the House, we trust our excellent table officers. We have clerks at the table, vote-callers and the Speaker in the chair observing things.

As much as the help from the hon. member for Kingston and the Islands may be appreciated by members on the other side of House, we do not believe that anybody at the table in the House of Commons needs help from him.

Pension Protection ActPrivate Members' Business

November 23rd, 2022 / 4 p.m.


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The Deputy Speaker Chris d'Entremont

What I will say is that the Table did acknowledge him and the vote was counted.

The hon. parliamentary secretary to the government House leader.

Pension Protection ActPrivate Members' Business

November 23rd, 2022 / 4 p.m.


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Liberal

Kevin Lamoureux Liberal Winnipeg North, MB

Mr. Speaker, I think the point of order is worthy enough to get clarification.

We all know the process for voting virtually, but just for clarification, when we have a recorded vote on the floor of the House of Commons, the expectation is that a member must rise and acknowledge their name when it is stated. My understanding has always been that if that does not occur, the vote does not count.

That is all I am asking about. I do not want you to reflect on past votes. I just want you to provide clarification for members going forward. They have to stand and acknowledge the Clerk, and if they do not do that, their vote does not count. That is my understanding.

Pension Protection ActPrivate Members' Business

November 23rd, 2022 / 4 p.m.


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The Deputy Speaker Chris d'Entremont

After further consultation with the Table, it is clear the member was indicating to vote in the positive for the bill. The Chair felt that he stood sufficiently for his vote to be recorded.

The hon. parliamentary secretary to the government House leader.