Target Benefit Pension Plans: A New Option for Quebec Employers and Employees
By EsqSocial Corporation 22/12/20
On December 11, 2020, Quebec’s National Assembly adopted Bill 68, with certain amendments made to its original text, thereby enacting An Act mainly to allow the establishment of target benefit pension plans (Act). The Act, which took effect on that date, provides for the establishment of a supplementary retirement savings option for Quebec workers by paving the way for the implementation of a new type of pension plan, namely a target benefit pension plan (TBPP)....
By: Blake, Cassels & Graydon LLP