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Group calls for protection of pensions

Investment Executive: The Shareholder Association for Education and Research (SHARE), is calling on federal policymakers to adopt measures to protect workers’ retirement savings.

In a letter to federal officials at Innovation, Science and Economic Development Canada (ISED), the responsible investing organization calls on the government to take action to protect workers’ pensions. Among other things, it calls for amending bankruptcy law to provide courts with the power to set aside executive and director bonuses and compensation increases where a company with unfunded pension liabilities enters insolvency.

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