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NEWS - CANADA

Bill provides pension protection

Global Pensions | 18 Dec 2007 | 00:00

Keren Holland

CANADA - Workers have won legal protection for their wages and pension contributions when their employer goes bankrupt, following the approval of a new Bill.

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Bill C-12, a series of amendments to existing insolvency and wage protection laws, has received Royal Assent.

The Canadian Labour Congress said the changes were the result of an intensive three-year campaign by unions to change laws that unfairly put workers last in line to get paid.

Ken Georgetti, president of the Canadian Labour Congress, said Canadians had been waiting a long time for the protection measures.

He said: "It is not just unionised workers that will benefit but every working woman and man in Canada that will have this protection as soon as the government proclaims the Act."

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