Québec's Bill 57, an Act to amend the Supplemental Pension Plans Act, introduced in June of this year, impacts the funding of defined benefit pension plans.  While the Bill primarily applies to Québec registered pension plans, careful reading reveals extra territorial application as early as January 1, 2016, the intended effective date.

Though yet to be enacted, prior consultations and buy-in from unions and certain major employer associations indicate that it is expected to pass in some form which means that the administration of plans with Québec members that are not registered in Québec and Ontario members in Québec registered plans will likely be affected.

We look at the progress of the Bill, assess its potential impact on your Ontario clients, and discuss  the dichotomy between member rights and plan funding, and reducing amendments.

Hear how Québec is moving into a new era of “you take your chances” and the eventual end of fighting over surplus.

PROGRAM CHAIR

Michelle Rival, Towers Watson

SPEAKER

Roxanne Poulin, Towers Watson (Montréal)