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 beyond five years
Plan affected: RREGOP
Effective date: 30 June 2024
A phased departure agreement may now be extended beyond the five-year period if the member agrees in writing with his or her employer at least six months before the date on which the initial 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, PPEMO, PPFEQ
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, every five years, the notwithstanding clauses in the Canadian Charter of Rights and Freedoms that provide provisions that are more advantageous for women, such as certain eligibility requirements for the retirement pension under plans that provide such requirements, the provisions under the PPCT regarding certain religious teachers and secularized former religious teachers, and the consequential provisions provided for in other plans.