What's New in 2022

Publication of a regulation that covers target-benefit pension plans

The Regulation to amend the Regulation respecting supplemental pension plans (French only) was published on 30 March 2022 in the Gazette officielle du Québec.

The Regulation allows for the application of the provisions of the Supplemental Pension Plans Act introduced by the Act mainly to allow the establishment of target benefit pension plans. The provisions take into consideration the specific characteristics for this type of plan and are linked to actuarial reports, as well as to statements sent to members and beneficiaries.

The Regulation was made with amendments aiming to simplify the content of the annual statements. It comes into force on 14 April 2022.

30 March 2022
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