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ARTICLE · 09 JULY 2020

2020 Agreement For Multi-Jurisdictional Pension Plans Comes Into Force

Blake, Cassels & Graydon LLP
Blake, Cassels & Graydon LLP
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The 2020 Agreement Respecting Multi-Jurisdictional Pension Plans (2020 Agreement) between the governments indicated below came into effect on July 1, 2020.

CanadaEmployment and HR

The 2020 Agreement Respecting Multi-Jurisdictional Pension Plans (2020 Agreement) between the governments indicated below came into effect on July 1, 2020. It governs the administration and regulation of multi-jurisdictional pension plans, which are plans that have members in more than one jurisdiction.

The 2020 Agreement applies to pension plans that fall under the jurisdiction of any one of the respective pension supervisory authorities of Quebec, Alberta, British Columbia, New Brunswick, Nova Scotia, Ontario, Saskatchewan and Canada, and that have members who are subject to the legislation of more than one of these jurisdictions.

The 2020 Agreement replaces (i) the 2016 Agreement Respecting Multi-Jurisdictional Pension Plans (2016 Agreement), which was signed by the governments of British Columbia, Nova Scotia, Ontario, Québec and Saskatchewan in 2016; (ii) the earlier 1968 reciprocal agreement signed between all provinces, except Prince Edward Island; and

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