An Act to amend the Supplemental Pension Plans Act and other legislative provisions in order to reduce the effects of the financial crisis on plans covered by the Act (“Bill 1”) was adopted by the Government of Quebec on January 15, 2009. Bill 1 was tabled one day earlier by the Minister of Employment and Social Solidarity and Minister Responsible for the Régie des rentes du Québec, Mr. Sam Hamad, and introduces various measures to reduce the effects of the economic crisis on private pension plans in Quebec.

type Pension Alert - February 2009 - Guaranteeing Private Pension Plans