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ARTICLE · 21 DECEMBER 2012

Quebec Budget Forecasts Further Pension Reform

Osler, Hoskin & Harcourt LLP
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Last month, the Quebec government posted its budget for 2012-2013, which included a number of pension-related items.

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Julien Ranger
Julien Ranger
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Last month, the Quebec government posted its budget for 2012-2013, which included a number of pension-related items.

  • Expert Committee: The committee tasked with studying Québec's retirement system, chaired by Alban D'Amours, is expected to table its report in early 2013. The recommendations of the Expert Committee will likely lead to a round of pension reform in 2013-2014.
  • CPP/QPP Improvements: The Québec government will continue working with the other provinces and the federal government to assess the possibility of making gradual and fully funded improvements to the Québec Pension Plan and the Canada Pension Plan. (This proposal seems to have some "legs" as only today The Globe and Mail reported that a policy paper on CPP reform prepared by federal and provincial public servants will be presented to the finance ministers at their annual December meeting.)

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