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What's New in 2023

Erratum related to section 77 of the draft Regulation respecting the funding of defined-benefit pension plans of the municipal and university sectors

An error has slipped in section 77 of the draft Regulation respecting the funding of defined-benefit pension plans of the municipal and university sectors published on 5 April 2023 in the Gazette officielle du Québec. The section should have been written as follows:

77. Despite paragraph 1 of section 138 of the Act, the amortization period of a technical actuarial deficiency that begins at a date after 30 December 2023 and prior to 1 January 2029 expires no later than 31 December 2038 or, if the provisions of Division VII related to the deferment of contributions apply, 31 December 2039.

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