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  • The agreement, which will come into force on 1 July 2020, specifically provides for the harmonization of the rules regarding asset allocation with the funding requirements on a going concern basis, as provided for under the Supplemental Pensions Plans Act

What's New in 2020

New agreement regarding multi-jurisdictional pension plans

See the new agreement between the governments of Canada, Québec and 6 other Canadian provinces, which Mr. Eric Girard, the Québec Minister of Finance, introduced in the National Assembly today, 2 June 2020.

The agreement, which will come into force on 1 July 2020, specifically provides for the harmonization of the rules regarding asset allocation with the funding requirements on a going concern basis, as provided for under the Supplemental Pensions Plans Act.

2 June 2020
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