Sweeping changes to Quebec pension rules

By Deric Jacklin
|CHRR, Guide to Pensions & Benefits|Last Updated: 04/12/2001

Plan sponsors with members in Quebec and other jurisdictions will have their work cut out for them. The Quebec government recently proposed sweeping changes to Quebec’s Supplemental Pension Plans Act (SPPA).

Not only will this send plan sponsors back to the drawing boards to reconfigure their own plans, but it represents a setback in the quest for standardized legislation across the provinces.

Last March, the Quebec government tabled Bill 102, which proposes changes to 195 sections of the SPPA and 60 additions — by far the largest set of revisions since it came into force in 1990.