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What's New in 2020

Publication of the draft Regulation to amend the Regulation respecting the funding of multi-jurisdictional defined benefit pension plans

The draft Regulation This link will open in a new window. published on 16 September 2020 in the Gazette officielle du Québec is further to the new agreement between the governments of Canada, Québec and 6 other Canadian provinces, regarding pension plans that are governed by more than one jurisdiction. It aims to end additional funding determined on a solvency basis for multi-jurisdictional pension plans in order for those plans to once again be subject to funding rules similar to those of plans that have members and beneficiaries in Québec only. 

Should you have any comments regarding the draft Regulation, please send them in writing to Retraite Québec within 45 days of the publication, that is, before 31 October 2020, following the instructions provided in the Gazette.

16 September 2020
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