The Liberal Party of Canada is calling on the government to institute a Supplemental Canada Pension Plan as a low-cost way of reducing the three-quarters of private sector workers who have no registered retirement savings. “We welcome any reforms that allow more options for retirement savings,” said Liberal Seniors and Pensions Critic Judy Sgro. “This [...]
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Protecting the most vulnerable during bankruptcy
Posted on 25. Mar, 2010 in Uncategorized
Senator Art Eggleton will table a bill in the Senate that would amend the Bankruptcy and Insolvency Act and the Companies’ Creditors Arrangement Act to protect employees on long-term disability (LTD) by granting them preferred status during bankruptcy proceedings. “LTD employees who are disabled, who cannot work, who can’t find new employment shouldn’t be shunted [...]
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