OTTAWA Innovation Minister Navdeep Bains says the federal government will consider legislation to protect employees’ pensions when a company goes bankrupt.
While there’s no plan for the government to introduce legislation at the moment, he says it will carefully examine two different private member’s bills on the subject, put forward by a New Democrat MP and a Bloc Quebecois MP.
“This is a legitimate issue and a legitimate challenge,” Bains said Wednesday, adding that the government is “very mindful” of the fact that bankruptcy “could happen at any time with any company.”
“That’s why we support secure pensions, that we want to make sure that companies maintain and fulfil their pension obligations and so we…
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