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Slaw: Pension plans and bankruptcy: The Supreme Court will decide

The Supreme Court of Canada has agreed to hear the Indalex Limited case, which will determine if underfunded pension plans should be treated as a priority when it comes time to liquidate the assets of a bankrupt company.

Although the case deals first and foremost with duties and priorities under the Ontario Pension Benefits Act (PBA) and corporate insolvency under the Companies’ Creditors Arrangements Act (CCAA), the Supreme Court’s pending decision has ramifications for organizations, creditors (lenders) and pension plans across Canada.

To know more, read my latest post on Slaw.

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Yosie Saint-Cyr

Managing Editor at First Reference Inc.
Yosie Saint-Cyr, LL.B., is a trained lawyer called to the Quebec bar in 1988 and is still a member in good standing. She practiced business, employment and labour law until 1999. For over 15 years, Yosie has been the Managing Editor of the following publications, Human Resources Advisor, Human Resources PolicyPro, HRinfodesk and Accessibility Standards PolicyPro from First Reference. Yosie is one of Canada’s best known and most respected HR authors, with an extensive background in employment and labour across the country. Read more
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