Sentences with phrase «pension protections granted»
Benefits Canada has reported on a Quebec Superior Court decision that calls into question the effectiveness of pension protections granted by provincial legislation in situations where an insolvent employer is being liquidated under the federal Companies» Creditors Arrangement Act (CCAA).
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In 2008, the Conservative government enacted the Wage Earners Protection Program, which granted super-priority status to current year normal pension contributions, joining other super-priority obligations including wages and commissions earned and not paid.