Act to amend various pension plans in the public sector (S.Q. 2010, c. 29)
| Following the agreement in June 2010 between the joint trade union front and the government concerning the renewal of collective agreements, and agreements with managers associations, the Act to amend various pension plans in the public sector (S.Q. 2010, c. 29), assented to December 2, 2010, has introduced significant changes in pension plans. |
Here are the main amendments:
- Increase of maximum service from 35 to 38 years
- Discontinuance of buy-back for service prior to enrolment
- New buy-back for service performed before an employer became covered
- The 90-day bank used only for absences without pay related to parental leave
- The 5-week indemnity paternity leave.
See the chart (S.Q. 2010, c. 29) .