Québec Pension Legislation Amended In Response To Multi Marques Appeal Decision

The Québec legislator recently amended the Supplemental Pension Plans Act (SPPA) to negate the potential impact of the decision rendered by the Québec Court of Appeal in the Multi‑Marques case.

On April 2, 2008 the Québec Court of Appeal rendered its decision in Multi-Marques Distribution inc. v. Régie des rentes du Québec, J.E. 2008-840 (Multi-Marques). In overruling the previous decisions of the Québec Superior Court, the Québec Administrative Tribunal and the Régie des rentes du Québec (the Régie), the Court of Appeal held that a pension plan can provide that member benefits payable on plan wind-up are conditional on full funding of such benefits.