Pension Protection Act – Considerations & Implications

Date: Wednesday, June 28, 2023

With the introduction of the Pension Protection Act (“PPA”) this year, many pension plan sponsors are now reviewing their risk tolerance, investment, and funding policies.

Previously known as Bill C-228, the PPA provides super-priority of unfunded defined benefit (“DB”) pension liabilities over most creditors, including secured creditors in the event of an employer insolvency or bankruptcy. While it enhances benefit security by safeguarding retiree pension benefits, there are concerns that the PPA has the potential to negatively impact the borrowing costs and practices of employers with DB plans.

Join industry experts to explore the impacts and opportunities available for plan sponsors, including how to improve access to credit and de-risk their pension plans.

Kelly Bourassa, Partner, Calgary Leader, Restructuring & Insolvency Group, Blake, Cassels & Graydon LLP
Andrew Whale, Vice President, Strategic Risk Management, CAAT Pension Plan

Alistair Almeida, Segment Lead, Asset Owners, CIBC Mellon

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