Legislative amendments to certain public-sector pension plans
Changes to your pension plan
On 7 November 2024, the Act amending mainly Acts establishing public-sector pension plans (S.Q. 2024, chapter 33) was assented to.
The legislative amendments made to the provisions of one or more of those public-sector pension plans concern:
The extension of a phased departure agreement
Plans affected: RREGOP, PPFEQ
Effective date: 30 June 2024
A phased departure agreement may now be extended if the member agrees in writing with his or her employer at least six months before the date on which the agreement ends, and if his or her working conditions so provide.
The extension may cover a period of one to five years, but the total duration of the agreement once extended may not exceed seven years. The agreement may be extended several times, provided the conditions for entitlement are met.
The membership of an employee under a pension plan until 30 December of the year during which he or she turns 71.
Plans affected: RREGOP, PPCT
Effective date: 1 January 2025
An employee covered by the affected plans may now continue to be a member of the plan until 30 December of the year during which he or she turns 71.
The renewal of notwithstanding clauses in the Canadian Charter of Rights and Freedoms that provide provisions that are more advantageous for women.
Plans affected: RREGOP, PPMP, TPP, CSSP, PPCT
Effective date: 1 January 2025
The purpose of the amendment is to renew, for a period of five years, the notwithstanding provisions of the Canadian Charter of Rights and Freedoms. The renewal of the provisions allows women whose working conditions were unfair at one point in time to continue to enjoy certain retirement benefits. The provisions also concern the status quo with regard to retirement for persons who have taught in religious communities.