News & Updates
Quebec publishes draft regulation to amend regulation for supplemental pension plans
January 19, 2024
The province of Quebec has published a draft Regulation to amend the Regulation concerning supplemental pension plans.
The Regulation would permit members or spouses aged 55 and above to request disbursement of funds from a life income fund or variable benefit plan in one or more installments. Additionally, the Regulation introduces new guidelines for calculating temporary income for individuals under 55 and proposes amendments to the rules governing the maximum life income. Notably, the reference rate, previously regulated, would now be determined through a formula.
Anyone looking to comment on the draft Regulation must submit their feedback by February 10, 2024.
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