The
Regulation to amend the Regulation respecting supplemental pension plans (French only) was published on 19 June 2024 in the
Gazette officielle du Québec.
It provides for:
- the suppression of the upper limit related to withdrawals of life income funds (LIFs) for persons aged 55 or over, as of 1 January 2025;
- new calculation rules of temporary and life income related to LIFs for persons under age 55, as of 1 January 2025.
The Regulation was approuved with amendments and comes into force on 1 January 2025.
An English version of the Regulation is available on
Les Publications du Québec – Gazette officielle's website.