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

If your employer goes bankrupt, this bill makes sure your pension is paid back before the banks and other creditors. Passed unanimously in 2023 — rare cross-party agreement on a pension-protection measure.

Legislative historyi

1. First readingFebruary 3, 2022

   First reading in the House of Commons.

2. Second readingJune 22, 2022

   Second reading in the House of Commons.

3. Third readingNovember 23, 2022

   Third reading in the House of Commons.

4. First readingNovember 24, 2022

   First reading in the Senate.

5. Second readingDecember 14, 2022

   Second reading in the Senate.

6. Third readingApril 18, 2023

   Third reading in the Senate.

7. Royal assentApril 27, 2023

   Royal assent received.