Presenting Petitions: Protecting Employee Benefits and Pensions

Irene Mathyssen London—Fanshawe, ON: Mr. Speaker, the next petition calls upon the Parliament of Canada to amend the Companies' Creditors Arrangement Act and the Bankruptcy and Insolvency Act to protect the rights of all Canadian employees

and to ensure that employees laid off by a company, who are receiving a pension or long-term disability benefits during bankruptcy proceedings, obtain preferred creditor status over other unsecured creditors, and to amend the Investment Canada Act to ensure employee-related claims are paid from proceeds of Canadian asset sales before funds are permitted to leave the country.

From the Parliament of Canada's Hansard Transcript, September 22 2010